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Topaz commences planned expansion into Brazil

Topaz Energy and Marine ('Topaz'), a leading international oilfield services group, today announced that it has agreed to acquire two offshore supply vessels in Brazil based on a total delivered price of $40.4m.

The vessels, Sea Otter and Sea Marten, were built in 2007 and 2010 and are both Anchor Handling Tug Supply vessels (AHTSV). AHTSV are specialised vessels used in support of offshore oil and gas activity. The vessels are employed on three year time charter contracts with Petrobras, the semi-public Brazilian oil company and the largest in Latin America.