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Topaz lands five-year contract with BP for 14 vessels

Offshore carrier Topaz Energy and Marine has secured a contract from BP to service the oil major in the Caspian Sea. The deal covers 14 of Topaz' vessels which will be on contract for five years.

Photo: Topaz/PR

In the midst of what numerous observers describe as the worst ordering scenario ever for the world's offshore supply carriers, Dubai-based Topaz Energy and Marine has secured a five-year contract with BP for 14 of the carrier's vessels, according to a press release from Topaz.

The 14 offshore supply vessels will sail for BP Exploration in the Caspian Sea. In addition to the five-year contract, the parties have also signed a deal for two one-year options, under current market conditions, to service in particular the BP ACG and Shan Deniz II fields off the coast of Azerbaijan.

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