Topaz wins Qatar, Caspian vessel charters

Offshore staff

DUBAI, UAETopaz Energy and Marine has won two long-term charters for 100-ton DP-2 anchor handling tug supply (AHTS) vessels in the Middle East and Caspian region. The total value of the contracts exceeds $65 million.

Topaz Rayyan will be deployed offshore Qatar on a seven-year charter for an unnamed international oil company (IOC). The vessel was built in 2006 and was formerly owned by Sanko Steamship Co. in Japan.

Caspian Reliance will serve in the Caspian Sea. This is a new vessel previously owned by Boluda.

Both vessels will undergo a $2-million upgrade to meet client specific requirements. Advanced DP-2 is increasingly required by IOCs to allow vessels to remain accurately in position for long durations, Topaz points out.

Earlier this year, Saudi Aramco awarded Topaz Marine Saudi Arabia, a joint venture with GENTAS, a three-year, $88-million charter for six AHTS vessels.

Topaz is also completing delivery of two AHTS vessels, Topaz Dignity for BP Azerbaijan and Topaz Triumph for West African clients. Both are set to be deployed on long-term contracts.

The company has sold its 29-year-old AHTS Team Rashidya and 30-year-old Team Liwa.

8/13/2012

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