Topaz, BP sign long-term contracts for 14 ships in Azerbaijan

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Baku, March 3, AZERTAC

Dubai-based Topaz Energy and Marine, a leading offshore support vessel company, has secured 14 offshore support vessel contracts with BP Exploration.

Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five year period plus two one-year options at current market terms, primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan, Topaz said on its website.

The agreement extends currently running contracts for the 14 vessels until 2023 including all options. These contracts bring Topaz’s global revenue backlog to nearly US$1.4bn and demonstrates the company’s competitiveness in the Caspian market, the company said.

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