Statoil and AET extend partnership in North Sea shuttle sector

We are proud to announce that AET and the Norwegian energy company Statoil ASA are extending their partnership in the North Sea shuttle tanker sector. Statoil has, today, awarded a long-term contract to AET, a subsidiary of Malaysian energy shipping group, MISC Berhad, to own and operate two specialist DP2 Offshore Loading Shuttle Tankers (OLSTs).

The two twin skeg 125,000dwt tankers will be built by Samsung Heavy Industries for delivery in 2019 and will be contracted to Statoil for operations both in oilfields on the Norwegian Continental Shelf of the North Sea, Norwegian Sea and the southern Barents Sea as well as on the UK Continental Shelf. Built to a superior specification with a fatigue life based on 30 years of operations in the North Sea, they will be fully capable of working in the harshest of weather conditions. With a focus on energy efficiency, the shuttle tankers will be built with LNG dual fuel for main and auxiliary engines and also an option to be fitted with a Volatile Organic Compounds (VOC) recovery system.

When in operation from 2019, these two DPSTs are expected to be the world’s first LNG fuelled DPSTs and will be most energy efficient.

For the full press release, you may click here.