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Topaz takes early purchase option on AHTS pair

Topaz takes early purchase option on AHTS pair
Topaz Energy and Marine has purchased two Anchor Handling Towage and Supply (AHTS) for over $100m.

The 2008 and 2009-built Caspian Challenger and Caspian Endeavour are DP2 rated and currently the most powerful vessels in the Caspian at 17,200bhp and 190t bollard pull. 

The ships have been bareboat chartered in to Topaz’s fleet and are capable of deepwater work in any of their operating areas.

Currently on a long term contract with BP in Azerbaijan, the AHTS duo is working at the ACG and Shah Deniz fields as part of the group’s 25-strong Azerbaijani fleet performing rig moves, anchor moves and other duties.

“These vessels have proved themselves as high performers in our fleet,” commented René Kofod-Olsen, ceo, Topaz Energy and Marine. "As such, it was a logical extension of our agreement with the owner to preemptively exercise our purchase option and make them a permanent part of our fleet at what we believe is an attractive valuation."