Major North Sea Shuttle Tanker Contract with Statoil
AET Sea Shuttle AS has entered into a long-term contract with the Norwegian energy major Statoil to operate two specialists DP2-type shuttle tankers.

AET Sea Shuttle AS has entered into a long-term contract with the Norwegian energy major Statoil to operate two specialists DP2-type shuttle tankers.

AET Sea Shuttle AS is a subsidiary of AET – a leading global owner and operator of a fleet of 82 petroleum tankers. OSM will manage the vessels.

The two vessels will serve oilfields in the Norwegian sector of the North/Barents Sea on long term contracts with options for extension until 20 years.

The two twin-skeg 120.000 DWT tankers will be built at Samsung Heavy Industries in Korea.  Due to the unique, adverse operating environment, the new vessels will be constructed to a superior specification that exceeds any other DP shuttle tanker currently in operation around the world.  They will be fully capable of operating in a harsh weather environment and will include high power thrusters and engines. An option exists for the vessels to be constructed with state-of-the-art LNG dual-fuel powered engines.

- We have significant experience of operating DP tankers in northern waters and I believe that the combined skills of AET and OSM will deliver an unbeatable service to Statoil. We are very pleased to partner with AET in this new venture to bring a new major player into the North Sea market, OSM Group Chairman, Bjørn Tore Larsen, says.

Statoil is an international energy company with operations in 37 countries, having over 40 years of experience in oil and gas production on the Norwegian continental shelf.

Into picture (from left): Douglas German (Chief Negotiator, Statoil), Tor Martin Anfinnsen (SVP Head of MPR Crude Liquids & Products, Statoil), Hor Weng Yew (President/CEO, AET) and Bjørn Tore Larsen (Chairman, OSM Group).