CASPIAN CHALLENGER

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Topaz acquires anchor handling vessel Caspian Challenger

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, announces the acquisition of two large and modern Anchor Handling Towage and Supply Vessels (AHTSV) at a purchase price of in excess of US$ 100 million, the company said in its press release. The vessels, the Caspian Challenger and the Caspian Endeavour, are sister vessels built by Kleven Maritime in Norway in 2008 and 2009, respectively. The vessels are equipped with dynamic positioning DP2, 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 wholly capable of deep-water 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.