Renaissance Services SAOG (Renaissance) has awarded a significant construction contract to Douglas OHI as part of a US$28.6 million expansion plan for various Renaissance owned and operated facilities serving the oil & gas sector. The Douglas OHI assignment is to build additional accommodation and recreation facilities at the Renaissance Permanent Accommodation for Contractors (PAC) facilities in Oman’s oilfields at Fahud, Qarn Alam and Nimr. Renaissance currently has over 1,000 rooms in the PAC facilities and this project will increase the accommodation capacity by some 33% as well as adding new swimming pools, squash courts and gymnasia. The PAC projects have been developed under contract to Petroleum Development Oman LLC (PDO) to accommodate oilfield contractors. According to Renaissance CEO Stephen Thomas “the PAC facilities are a world class best practice in how to accommodate large workforces safely and efficiently in remote environments. It is a best practice developed here in Oman. The PACs deliver higher standards at lower costs achieved through economy of scale”. Renaissance clients at the PAC facilities are leading companies serving the Oman oil sector. The Renaissance PAC Project won the Oman Awards for Excellence “Investment Project of the Year” in 2001. “This expansion of the project will add further value to that investment for all stakeholders from the end of 2007” said Thomas. Renaissance Services SAOG is one of the largest services companies listed on the Muscat Securities Market. The largest proportion of Renaissance business is engaged in providing quality services to the oil & gas industry, where it is a leading turnkey contract services provider; and has one of the top 10 support vessel fleets in the world with a significant presence in the Gulf, the Caspian region and S.E. Asia. Renaissance is recognized as an Omani public company with substantial international credentials, successfully exporting its services abroad. Renaissance 2006 revenue is estimated to be in the region of RO 135 million (US$350 million) up from RO 106.4 million (US$276 million) the previous year. Renaissance CEO Stephen Thomas hands the contract to Douglas OHI GM John Steele, accompanied by Renaissance Contract Services Group GMs Ananda Fernando and Adil Bahwan. (left to right – Ananda Fernando, Stephen Thomas, John Steele, Adil Bahwan)