Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Topaz acquires two anchor handling vessels

    Vessel & ROV News // January 22, 2014

    Topaz Energy and Marine has acquired two large anchor handling tug supply (AHTS) vessels at a purchase price in excess of US$100 million.

    The vessels, Caspian Challenger and Caspian Endeavour, are sister vessels built by Kleven Maritime in Norway in 2008 and 2009, respectively.

    The vessels are equipped with dynamic positioning to DP2 standard, automated safe anchor handing capabilities and are currently the most powerful vessels operating in the Caspian basin at 17,200 bhp and 190 tonnes bollard pull.

    The vessels are capable of deepwater work anywhere in Topaz’s current global footprint and in general.

    The vessels have been operating as part of Topaz’s Caspian fleet on a bareboat agreement and are currently serving a long-term contract with BP in Azerbaijan. The vessels are supporting operations in the Azerbaijan offshore fields of ACG and Shah Deniz performing specialty project work, major rig moves, anchor repositioning and logistical support.

    René Kofod-Olsen, CEO, Topaz Energy and Marine, said: “These vessels have proved themselves as high performers in our fleet. 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. The vessels will benefit Topaz and our clients within and outside the Caspian Sea immensely.”

     

    More articles from this category

    More news