Topaz to supply Agip with six vessels for Kashagan work

MUTTAH, OMAN: Topaz Energy and Marine, a subsidiary of Oman-based Renaissance Services, has secured a OMR 38.5 million (US$100 million) long-term contract with Agip KCO through Topaz’s BUE Kazakhstan firm.

Under the contract, Topaz will custom-build, own and operate six specialized barges over a 10-year period to support Agip KCO’s development program in the Kashagan oil field in the northern Caspian Sea. The contract calls for six ice-class barges to be deployed in 2010. The vessels will be comprised of three cutting, one liquid-mud and two flat-top barges. Each will be specialized to handle icy conditions and are all low-draft when fully loaded. The contract award follows another Caspian win for Topaz of OMR 86.5 million (US$ 225 million) from with BP. Under that contract, the company will operate three vessels in support of BP’s program in Azerbaijan over the next 10 years.

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