Topaz Nets Contract For Kazakhstan’s Tengiz Development

Topaz Nets Contract For Kazakhstan’s Tengiz DevelopmentTopaz Energy and Marine has been named as the technical manager of three vessels by a consortium comprising Blue Water Shipping and Kazmortransflot. The appointment is in connection with Tengizchevroil’s Tengiz oil field in Kazakhstan.

Under the terms of the agreement, Topaz will act as the technical manager for three newly designed module carrying vessels. The vessels will commence work in the second quarter of 2018 for a minimum contract period of a little over two years. The vessels will be transporting oil and gas modules to Tengiz oil field from transshipment bases in Kazakhstan.

Tengiz oil field is operated by Tengizchevroil — a partnership between Chevron (50%), KazMunaiGas (20%), Exxon Mobil Kazakhstan Ventures (25%) and LukArco (5%).