Norwegian energy giant Equinor has announced a contract agreement with shipowner Knutsen for two tankers to shuttle crude oil from its newly acquired Roncador field in Brazil.
The deal, signed this week, saw Equinor ink contracts for two new shuttle tankers.
The tankers will be built at Hyundai Heavy Industries in South Korea and will be in operation by 2020.
Equinor purchased a 25% stake in the Roncador mega field in June, for which it paid Petrobras an adjusted cash consideration of $2.0 billion.
The third largest producing field in Brazil, Equinor’s equity production in the Roncador is increasing to around 100.000 boe per day, an increase of around 60.000 boe per day.
The crude produced will be transferred to conventional tankers and marketed to customer around the world.
Kjetil Johnsen, head of Shipping in Equinor, said: “We have now secured the long-term solution for the lifting of the Roncador crude.
“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.”
Alongside the new shipping capacity for the Roncador production, Equinor has seven conventional tankers on long term contracts in operation for the Peregrino field.
Veronica Rezende Coelho, head of business area development and production in Brazil, added: “This acquisition of the share in Roncador field is a key element in the building of Brazil as a core area for Equinor.
“With these new shuttle tankers, we are securing value creation along the whole value chain from production to market.”