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(Arabian oil and gas) -- Topaz
Marine, a division of Topaz Energy and Marine recently acquired the Caspian
Provider, an advanced Platform Supply Vessel (PSV), to join the company’s fleet
on a four-year contract in Azerbaijan with a value in excess of USD 40m.
The Caspian Provider will be working out of Baku, Azerbaijan, on a
contract with oil and gas major BP won by Topaz Energy and Marine, in 2008. The
Caspian Provider joins four sister ships already under the management of the
Topaz Marine Azerbaijan unit.
The Caspian Provider is the fourth vessel delivered to the company after
construction in the Simek Yard in Norway. The vessel was ordered in 2010 at a
cost of USD 32m and is expected to generate exceptional value for the fleet.
The Caspian Provider will commence a charter with BP on completion of
restoration works. Topaz Energy and Marine is strategically positioned in the
Caspian Sea where the company benefits from a market share of 55% in
Azerbaijan.
mrcplast.com
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