OJSC Oil Company Rosneft

05/25/2018 | Press release | Distributed by Public on 05/25/2018 04:03

Rosneft and Sovcomflot agreed on engineering support for building three Aframax tankers at Zvezda Shipyard

Rosnefteflot, a Subsidiary of Rosneft, and SCF Management Services, a Subsidiary of Sovcomflot, entered into an Agreement for rendering engineering support services for building three tankers with deadweight of 114,000 tons.

The Agreement was concluded in furtherance of the bundle agreement inked in 2017 for building modern hi-tech Aframax tankers at Zvezda Shipyard and subsequent long-term chartering thereof.

The vessels shall be used for safe export of oil and petroleum products from Russian ports, including the Baltic ones. Gas (LNG) powered tankers are the new generation vessels. Their design capitalizes on the operating experience of Sovcomflot, Rosnefteflot and other Russian carriers. The vessels meet the highest environmental standards, as well as new regulations that limit emissions of sulfur oxide, nitrogen and greenhouse gases. The tanker is 250 meters long and 44 meters wide, its draft is 15 meters, its deadweight is 114K tons and its speed reaches 14.6 knots. The vessels will have ICE-1B ice class.

The involvement of the company of Sovcomflot Group in the construction supervision will contribute to the development of competencies of the Zvezda Shipbuilding Complex.

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Zvezda Shipyard is being set up in Bolshoy Kamen, Primorsky Region. The shipbuilding complex design provides for the construction of a heavy outfitting berth, a dry dock, full-cycle production shops, and shops for the construction of offshore marine facilities. Zvezda Shipyard will produce heavy tonnage ships, offshore platform elements, ice-class vessels, special vessels and other marine equipment. Earlier, Rosneft has placed an order for the construction of ten Aframax tankers at Zvezda Shipyard.

AO Rosnefteflot - is a dedicated 100% Subsidiary of Rosneft that implements marine logistics projects; it works on behalf of Rosneft to ensure marine charters, port-based services, implementation of ship building projects and management of the marine and inland fleet.

Sovcomflot Group (SCF Group) is the largest shipping company in Russia, one of the global leaders in the sea transportation of hydrocarbons, support of offshore oil and gas exploration and production. Own and chartered fleet includes 149 vessels with a total deadweight of more than 13.1 million tons. Half of the vessels are of ice class.

Information DivisionRosneft Oil Companytel.: + 7 (499) 517-88-9725 May 2018

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.