Oilfield solutions company Topaz Energy has landed a $20million deal with Saipem to support an oil and gas field in the Northern Caspian Sea.
The deal will see nine of the Dubai-based firm’s vessels engaged in multi-year charters for the development of Saipem’s 1.3billion barrel Filanovsky field.
The vessels will provide anchor handling and tug services, along with transporting supplies and personnel.
“The developing Russian sector offers a great deal of exciting new prospects for Topaz which is already well-established in the Caspian,” said Topaz chief operating officer 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.”