Mubasher: Renaissance Services Company said Sunday that its fully-owned subsidiary Topaz Energy and Marine Company has signed a contract worth $30 million with a consortium comprising Blue Water Shipping A/S and Kazmortransflot (KMTF), in connection with the TCO developed Tengiz oil field in Kazakhstan.
Under the contract, Topaz will act as the technical managers for three newly designed Module Carrying Vessels (MCVs), which will start working in the second quarter of 2018 for a minimum contract period of a little over two years, according to a bourse filing.
The company said that the vessels will be transporting oil and gas modules to the Tengiz oil field from transhipment bases in Kazakhstan.
