Bluewater Purchases the MT Hanne Knutsen

Bluewater Energy Services B.V. has purchased the MT Hanne Knutsen tanker from Knutsen OAS Shipping AS.,p. Delivery to Bluewater is expected to take place on or before June 30, 2006. The MT Hanne Knutsen was built in the Spanish shipyard Astilleros de Sestao and was delivered to Knutsen OAS Shipping AS in 2000. The vessel was designed as a typical North Sea shuttle tanker and has since been trading in Baltic ice regions and has also been in service as a shuttle tanker. The Hanne Knutsen has a storage capacity of 860,000 bbls cargo, and is a sister vessel of the Aasgaard C FSO.

"In today's FPSO market it is a pre-requisite to have guaranteed access to a suitable vessel to be considered as a serious bidder. We have already named this vessel as a candidate in several bids that are under evaluation by our Clients" stated Hugo Heerema, President of Bluewater Energy Services B.V. "We have chosen this vessel specifically for its overall solid design and its excellent suitability for future FPSO conversion projects in harsh environments such as Norway and the U.S. Gulf."

The hull structure offers considerably higher strength than standard tankers and is rated Ice Class 1A which is ideal for harsh environments. The vessel is provided with a DP2 class Dynamic Positioning capability with bow and stern thrusters and two main-propellers combined with special rudders. The two large generators (8 MW each) are driven by the ship's two main diesel engines which can be used as electric power generation for future FPSO operations.

Main particulars:

Length overall  : 264.680 m
Breadth         : 42.5  m
Depth           : 22.0  m
Deadweight      : 123,581 mt
Main propulsion : 2x 13,580 BHP
Cargo Pumps     : 3x 4000 m(3)hr

Bluewater Energy Services B.V. is a member of the Bluewater group of companies that has built a technological lead specialising in lease and operation of tanker-based Production and Storage systems, and has become a leading provider of Single Point Mooring systems. Bluewater operates worldwide with offices in The Netherlands, United Kingdom, United States, Nigeria, Angola, South Africa, Singapore and China.