Topaz Energy and Marine has secured a new $100m vessel supply contract with Dragon Oil, an oil and gas subsidiary of Emirates National Oil Company (ENOC).

Under the contract, Topaz will supply six vessels to Dragon Oil whose flagship asset is located in the Cheleken Contract Area, eastern Caspian Sea, offshore Turkmenistan.

The fleet is already mobilised and comprises of five anchor-handlers and one emergency recovery and response vessel.

The contract has a five-year term with an option for two additional years.

Topaz Energy and Marine CEO René Kofod-Olsen said: “This is a critical contract win for Topaz. It not only increases our revenue backlog above $1.5bn, the highest in the industry, but it also demonstrates the trust that Dragon Oil has placed in our ability to deliver the technology and safety capabilities our clients increasingly require. 


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