Topaz secures contract for 15 vessels for Kazakhstan’s Tengiz oil field
DUBAI -- Topaz Energy and Marine has, in a consortium led by Blue Water Shipping, secured a contract to supply and operate 15 vessels for the Tengizchevroil joint venture in Kazakhstan for a contract value in excess of $350 million.
Under the terms of the agreement, Topaz will commission the construction of 15 newly designed Module Carrying Vessels (MCVs). The vessels will commence work in second-quarter 2018 for a minimum contract period of three years. The deal brings Topaz’s backlog to $1.6 billion.
The vessels have been designed in collaboration with Vard Shipyard Group as the designated shipyard, and crafted to navigate shallow river systems as they transport modules and cargoes through the Russian waterways to Tengiz oil field in Kazakhstan. The 123-m long vessels will be built in three Vard yards in Romania and Vietnam.
Tengizchevroil is a Kazakhstani partnership that explores, develops, produces and markets crude oil, LPG, dry gas and sulfur. The current partners are Chevron (50%), KazMunaiGas NC JSC (20%), ExxonMobil Kazakhstan Ventures Inc. (25%) and LukArco (5%).
