BUE Caspian, a wholly owned subsidiary of Renaissance Services SAOG announced two year extensions 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 extensions being for 4 Anchor Handlers, Neftegaz 58, Guiltekin Askerova, Om and Nercha, 1 ROV Seismic Vessel Tabriz Khalebeylei and 1 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. BUE Caspian G.M. Mr. Roy Donaldson stated that “this contract demonstrates our capabilities in a very competitive market where client expectations on quality, health and safety are critical”. Based in Baku, Azerbaijan, BUE Caspian operates a wide range of offshore support vessels in the Southern Caspian Sea and has the most modern offshore vessel fleets in the region. 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.