Renaissance outlines PSV bid program
Renaissance Services says its newbuild platform supply vessel (PSV) Topaz Triumph started work in June for Total on the Absheron gas field offshore Azerbaijan.
The group has committed to investments totaling $160 million this year, of which $100 million covers up to five PSVs for subsidiaryTopaz Energy and Marine.
Topaz has participated recently in a PSV tender forSaudi Aramco offshore Saudi Arabia. Additionally, the contractor is close to finalizing two new contracts for BP for vessels off Azerbaijan.