KNOT clinches long-term shuttle tanker charter with Total in Brazil

French oil giant Total has hired a shuttle tanker from Knutsen NYK Offshore Tankers (KNOT) for the use in Brazil.

Illustration: A KNOT tanker / Image by Darren Hillman – Shared under CC BY-ND 2.0

KNOT said on Wednesday that the long-term contract with Total had been signed in August. The contract is for 15 years for a shuttle tanker to be built in China by COSCO Zhousan Shipyard.

The vessel will be a 152,000 DWT Suezmax tanker equipped with a dynamic positioning system and will be used to shuttle crude oil produced in waters off Brazil.

According to the shuttle tanker owner, with the new building, the KNOT Group will have 32 shuttle tankers in operation or on order. Delivery of the shuttle tanker to be employed by Total is scheduled for early 2021.

KNOT said on Wednesday its board believed that demand for newbuild offshore shuttle tankers will continue to be driven over time, based on the requirement to replace older tonnage in the North Sea and Brazil and further expansion into deepwater offshore oil production areas such as in Pre-salt Brazil and the Barents Sea.

“The Board further believes that significant growth in demand exists and that this will continue for new shuttle tankers as the availability of existing vessels has reduced and modern operational demands have increased. Consequently, there should be opportunities to further grow the Partnership,” KNOT Offshore Partners said on Wednesday.

Offshore Energy Today Staff


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply