The equity investment in Topaz Energy will be used to fund the offshore vessel owner’s long term fleet expansion plans.
Standard Chartered Private Equity (SCPE) is investing USD 75 million in Topaz Energy and Marine, a Dubai-based oilfield services company providing marine solutions to the global energy industry with primary focus on the Middle East and the Caspian Sea.
Headquartered in Dubai with 40 years of experience in the Middle East, Topaz operates a fleet of more than 90 offshore support vessels. It is fully owned by Oman’s Renaissance Services.