ВР Prolongs Contract with One Company on Caspian Operations

Oil&Gas Materials 27 February 2007 12:31 (UTC +04:00)

Azerbaijan, Baku /corr Trend S.Aliyev / BUE Caspian, a wholly-owned subsidiary of Renaissance Services, has announced a two-year extension on its BP contract for up to six vessels operating in the Caspian region in Azerbaijan. Under the terms of the extension, the six vessels will operate through 2009 for BP's offshore exploration and drilling operations.

The contract extension is for four anchor handlers, Neftegaz 58, Guiltekin Askerova, Om and Nercha, one ROV seismic vessel, Tabriz Khalebeylei and one emergency response and recovery vessel, the Barra.

BUE Caspian operates under an alliance agreement with KMNF, a subsidiary of the Azeri state oil company, SOCAR. Roy Donaldson, general manager of BUE Caspian, said: "This contract demonstrates our capabilities in a very competitive market where client expectations on quality, health and safety is critical."