Middle East

Topaz takes AHTS pair

Dubai: Topaz Energy and Marine has spent more than $100m buying two large anchor handling tug supply (AHTS) vessels.

The ships were built by Kleven Maritime in Norway in 2008 and 2009, respectively.

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.

René Kofod-Olsen, the ceo of 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.”  [21/01/14]

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