Topaz wins Saipem OSV contracts in Caspian sea

The multi-year charters will cover support for the development of the Filanovsky project in Russia, an oil and gas field in the Northern Caspian Sea with proven reserves of around 1bn barrels. The vessels will transport personnel as well as performing towing an anchor-handling operations.

“The developing Russian sector offers a great deal of exciting new prospects for Topaz which is already well-established in the Caspian,” said Topaz coo Roy Donaldson. “Our fleet is young, diverse, well-equipped, and can stand up to the challenge of working in harsh climates and arduous environmental conditions like in the Northern Caspian.

"We also enjoy a good working relationship with Saipem having worked with them for several years in their projects in Kazakhstan. Following Saipem into this new market is a natural transition for Topaz and we now have significant operations in the four corners of the Caspian Sea.”

Other recent successes for the company include the charter of two anchor-handling tug supply vessels Topaz Dignity and Topaz Triumph in Azerbaijan, with BP and Total respectively.