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Newbuilt shuttle tankers for the Roncador field in Brazil

 Newbuilt shuttle tankers for the Roncador field in Brazil

Monday، 01 October 2018 | Article Rating

The crude oil production from the newly acquired 25 % interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers.  Equinor has now entered into time charter contracts for two newbuilt shuttle tanker with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen). The tankers will be built at Hyundai Heavy Industries in South Korea.

With the acquisition of the interest in the Roncador field, the third largest producing field in Brazil, the Equinor’s equity production in Brazil is increasing to around 100.000 boe per day, an increase of around 60.000 boe per day.  With the newbuilt shuttle tankers, a reliable and robust solution for the evacuation of the equity oil production from the field has been obtained.  The crude will be transferred to conventional tankers and marketed to customer around the world.

‘We have now secured the long-term solution for the lifting of the Roncador crude’ says Kjetil Johnsen, head of Shipping in Equinor.  ‘With these modern and fuel-efficient vessels, we will evacuate the crude oil in a safe, sustainable and cost-efficient way. We are very pleased to enter into this contract with Knutsen with extensive experience from shuttle tanker operations in Brazil.

The vessels are designed for operations in Brazilian waters and are optimized for intended trading pattern. The vessels will come in operation in 2020 and meets all requirements for offshore loading in Brazil. In addition to the new shipping capacity for the Roncador production, Equinor has seven conventional tankers on long term contracts in operation for the Peregrino field.

‘This acquisition of the share in Roncador field is a key element in the building of Brazil as a core area for Equinor’ says Veronica Rezende Coelho, head of Partner-operated Licenses & Area Development in the business area Development and Production Brazil. ‘With these new shuttle tankers, we are securing value creation along the whole value chain from production to market’.

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Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

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