Caspian Ocean

What Caspian Ocean does

Caspian Ocean LLP is a Kazakhstan-based, Aktau-headquartered offshore fleet services company that has operated continuously in the Caspian Sea since 2006. The company owns and operates a specialized fleet of 4 ships and 1 accommodation barge — including Accommodation Barge P1 (purpose-built for the North Caspian project, 230-270 person capacity), Tanker Supply Vessel P2, Research vessel Kumar Balzhanov, Multi Cat vessel Coastal Discovery, and Multipurpose vessel Coastal Bigfoot — all with shallow-draft designs (1.0-1.8 meters) suited for Northern Caspian conditions. Vessels are classed by RMRS and RINA, flagged under Kazakhstan, and equipped with capabilities including DP-0 dynamic positioning, ice class certification, helidecks, and medical facilities. Work processes are driven by the Amos commercial fleet management software family.

The company's customer base is concentrated entirely within the offshore oil and gas ecosystem of the North Caspian project and Kashagan Field, with named enterprise clients including North Caspian Operating Company N.V., Saipem Spa Kazakhstan Branch, Agip KCO NV, Ersai Caspian Contractor LLP, and Saga Terminal Logistics Kazakhstan LLP. Caspian Ocean generates revenue through two streams: vessel charter services (time charter of offshore vessels with crew, treated as recurring revenue) and fleet management services (technical maintenance, crewing, procurement, registration and licensing provided under BIMCO SHIPMAN 98 agreements). Pricing is quote-based given the B2B enterprise nature of contracts.

Caspian Ocean LLP is a wholly-owned subsidiary of Ocean S.r.l., an Italian shipping group headquartered in Trieste. The parent provides organizational oversight, group-level ISO 14001 and 18001 certifications, and strategic direction. The company employs around 50 seafarers plus onshore staff (51-100 total), holds ISO 9001:2015 certification (since 2018, renewed 2020), is an ISM company with a valid DOC issued by RMRS, and has been a BIMCO member since 2010. Marketing channels are limited to a corporate website, LinkedIn, and Facebook presence, with sales conducted via direct B2B enterprise engagement.

Name

Caspian Ocean

Legal name

Caspian Ocean LLP

Website

https://caspianocean.kz

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Caspian Ocean LLP provides specialized shallow-draft offshore vessel charter and fleet management services to oil and gas operators in the Caspian Sea. The Aktau, Kazakhstan-based firm supports the North Caspian and Kashagan projects with a purpose-built fleet of 4 vessels and 1 accommodation barge.

Ownership category

akta.pro rank

Product category

Offshore Marine Services

NAICS

Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839)

SIC

Oil & Gas Field Services, Nec (1389), Water Transportation (4400)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

• Offshore fleet services
• Vessel charter services
• Marine logistics
• Oil and gas support
• Maritime fleet management

Headquarters

HQ city

Aktau

HQ country

Kazakhstan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Vessel Charter Services: Time charter of offshore vessels and accommodation barges to O&G operators. Vessels are chartered with crew (crewing included) to support exploration and production activities in the Caspian Sea.
2. Fleet Management Services: Provision of offshore vessels management services including technical maintenance, crewing, procurement, registration and licensing to clients. Services provided under BIMCO SHIPMAN 98 agreements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Caspian Ocean LLP provides offshore fleet services to oil and gas exploration and production operators in the Caspian Sea. The company owns and operates a specialized fleet of 4 vessels and 1 accommodation barge designed for ultra-shallow-water Northern Caspian operations, and offers time charter of these vessels with crew included. It also provides third-party vessel management services covering crewing, technical maintenance, procurement, registration and licensing, and catering under BIMCO SHIPMAN 98 agreements.

Product overview

Caspian Ocean LLP is a Kazakhstan-based offshore fleet services company providing offshore vessels and vessel management services for oil and gas exploration and production in the Caspian Sea. The company operates a fleet of 4 vessels (Accommodation Barge P1, Research vessel Kumar Balzhanov, Multi Cat vessel Coastal Discovery, and Multipurpose vessel Coastal Bigfoot) and 1 accommodation barge, with shuttle tanker Tanker Supply Vessel P2 also in service. The company offers comprehensive fleet management including crewing, technical maintenance, procurement, registration and licensing, and catering services. The fleet operates under Kazakhstan flag and is classed by RMRS and RINA.

Differentiator

Problem solved

Functional benefit

Products and services

• Accommodation Barge P1 Charter Time charter of the Accommodation Barge P1, providing offshore accommodation for 230-270 personnel with helideck, medical room and Temporary Refuge, for offshore O&G operators in the North Caspian project.
• Research Vessel Kumar Balzhanov Charter Charter of the RINA ICE CLASS 1D research/scientific vessel with 1.8 m maximum draft, designed for shallow-water survey and research operations in the Northern Caspian.
• Multi Cat Vessel Coastal Discovery Charter Charter of the DP-0 Multi Cat support vessel with 4 thrusters and 24-ton bollard pull, suited for ultra-shallow-water offshore support operations.
• Multipurpose Vessel Coastal Bigfoot Charter Charter of a multi-purpose workboat and survey vessel with a 1.0 m shallow draft and A-frame, used primarily for survey activities in shallow-water Caspian operations.
• Tanker Supply Vessel P2 Charter Charter of the shuttle tanker P2 (formerly Ievoleco Secondo) for transport of gas-oil, fresh water and sewage/mud in support of the Kashagan Field since 2006.
• Offshore Vessel Fleet Management Services Outsourced vessel management services covering technical maintenance, crewing, procurement, registration and licensing of offshore vessels for third-party clients, delivered under BIMCO SHIPMAN 98 agreements.

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Ocean S.r.l.coreStrategic or Co-development PartnerCaspian Ocean LLP is a Kazakhstan subsidiary of the Ocean S.r.l. group headquartered in Trieste, Italy. The parent company provides organizational oversight, ISO certifications (Ocean Srl is ISO 14001 and 18001 certified), and strategic direction for the subsidiary operations in Kazakhstan.
• Ocean TeamminorOthersQuality management system partner supporting development and continuous growth of QMS effectiveness, including QMS processes perfection and achieving quality goals per International Family 9000 standards.
• Marnavi Spa (Italy)minorStrategic or Co-development PartnerItalian shipowner from which Caspian Ocean took under management the newly built AHTSV Ievoli Orange in 2010 under a Bare Boat agreement. The vessel operates in the Caspian Sea supporting the Kashagan oilfield project.
• Saga Terminal Logistics Kazakhstan LLPminorStrategic or Co-development PartnerClient and partner for vessel management services. Caspian Ocean concluded ship management agreement BIMCO SHIPMAN 98 for crew and technical management of supply vessels Ievoli Shuttle and Ievoli Orange.
• Register-consultingminorImplementation/ SI/ Consulting PartnerConsulting company engaged in December 2009 for development, implementation and preparation for certification of the integrated management system according to ISO 9001:2008 requirements.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Bourbon Corporation: French offshore marine services provider operating a global fleet of PSVs, AHTS and subsea vessels to O&G clients. Comparable vessel-charter and fleet-management service model targeting offshore E&P operators.
• Seacor Marine Holdings: US-based provider of offshore support vessels (PSVs, fast supply, crew boats) and marine transportation services to O&G operators. Closely aligned B2B time-charter model.
• Edison Chouest Offshore: Privately held US offshore support vessel company operating a large global OSV fleet for O&G operators. Similar business model and customer base, though at substantially larger scale.
• Solstad Offshore: Norwegian owner-operator of offshore support and subsea construction vessels (AHTS, PSVs, CSV). Directly comparable OSV charter model serving international O&G majors and contractors.
• Vallianz Holdings: Singapore-based offshore support vessel operator serving O&G clients, primarily across the Middle East and APAC. Comparable OSV charter and management model for offshore E&P customers.
• Tidewater Inc. World's largest owner-operator of offshore support vessels (PSVs, AHTS, crew boats). Directly comparable business model — time charter of OSVs to O&G operators — though operating at a much larger global scale across multiple basins.
• DOF Group: Norwegian operator of offshore subsea, AHTS and PSV vessels globally. Comparable vessel services for offshore O&G developments with similar technical-crewing and management service profile.
• Vroon Offshore Services: Dutch offshore vessel operator with a global PSV/AHTS fleet serving O&G operators. Closely aligned service offering and customer type to Caspian Ocean, though without Caspian Sea presence.

Others

• Damen Shipyards Group: Dutch shipbuilder that designs and constructs offshore support vessels (PSVs, AHTS, multi-cats). Indirectly comparable as the upstream supplier of OSV hulls/specs that operators like Caspian Ocean deploy.

Broad incumbents

• Saipem: Major Italian oilfield services contractor that both operates its own offshore fleet and charters third-party vessels (including from Caspian Ocean for Kashagan). Overlapping capability in offshore E&P execution, but at a far broader portfolio scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/caspian-ocean-llp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caspian Ocean