Topaz Energy and Marine has won a contract to supply 14 offshore supply vessel contract with BP Exploration offshore Azerbaijan.
The company will provide the vessel over a five year period as well as two one-year options which will support the oil major’s ACG and Shah Deniz II fields.
The agreement also extends currently running contracts for the 14 vessels until 2023.
Topaz said the contracts bring the company’s global revenue to nearly $1.4billion.
René Kofod-Olsen, chief executive,said: “We are humbled by BP’s continued trust in our capabilities and look forward to repaying that confidence by consistent world-class service.
“Our ability to secure long-term contracts with a reputed oil major such as BP reflects the value and quality of Topaz’s operations in the Caspian and globally.
“Our exemplary operational and safety track record and our commitment to Azerbaijan allow us to build our position in the face of a challenging market.
“The agreement provides a long-term platform from which to build further scale in the broader Caspian and adds significantly to Topaz’s credit strength through tremendous revenue visibility.”
The contract win comes on the same day Amec Foster Wheeler won a £125million engineering, procurement and construction contract by BP to build a new refrigeration plant at Grangemouth for the Forties pipeline system.
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