Wednesday 26 September 2018

Topaz Energy wins big contract in Azerbaijan

DUBAI, September 25, 2017

Dubai-based Topaz Energy and Marine, a leading offshore support vessel company, has announced a new contract with global energy giant, Total, to support its operations in the Azerbaijani market.

A leading international offshore support vessel company, Topaz provides logistics support and marine solutions to the global energy industry with primary focus on the Caspian Sea, the Middle East, West Africa and Subsea operations in the North Sea and the Pacific.

Total E&P Absheron (TEPAb) is operating on behalf of Jocap (Joined Operating Company for Absheron Project, a joint venture between State Oil Company of the Republic of Azerbaijan (Socar) and Total.

As per the deal, Topaz will supply its anchor-handling vessel Topaz Triumph to TEPAb to service one work-over and one development well in the Absheron offshore field.

The work is estimated to take more than one year.

First discovered in 2011, the Absheron Field is being developed under an early production scheme, reflected in the development programme agreed by Socar and contractor parties.
The contract win results from Topaz’s global relationship with Total established through successfully supporting TOTAL’s operations in both West Africa and the Middle East.
The Republic of Azerbaijan has been an important market for Topaz over several decades, with its commitment to the Azerbaijani market being demonstrated through the company’s continued investment in the region and its high levels of localization, said a top official.
"This is a significant contract for Topaz and we are humbled that Total and Socar have trusted us to support them in such an important development," reamrked René Kofod-Olsen, the CEO of Topaz Energy and Marine.

"Our record of providing solutions with focus on safety and value across our operations has helped us secure this nomination and we look forward to delivering our consistent and world-class service for the development of the Absheron field," he added.-TradeArabia News Service

Tags: contract | Azerbaijan | Topaz Energy |

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