Topaz Middle East vessel demand holds steady

Offshore staff

MUTTRAH, OmanTopaz Energy and Marine remains positive over prospects for offshore support vessels in the Middle East and Caspian regions.

The contractor’s vessel take-up in the Caspian rose to 98% in the first half of this year, up 5% from 1H 2014, while its overall fleet utilization remained around 85%.

Topaz continues to see high levels of activity offshore Qatar and Saudi Arabia and is confident of securing additional long-term contracts in this area, according to CEO René Kofod-Olsen.

This summer the company also established a division in Angola, received the necessary operating licenses, appointed a country manager and rented office space for three years, allowing it to progress from spot rate contracts to securing medium- to long-term contracts.

“Africa is a long-term strategic investment for Topaz,” he added, “as the offshore market is forecast to grow and clients will increasingly require our services.”


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...