State-of-the-art shuttle tankers

STATE-OF-THE-ART DYNAMIC POSITIONING TECHNOLOGY ALLOWS SHUTTLE TANKERS TO MAINTAIN POSITION AND SAFELY OFFLOAD OIL FROM FPSOS FOR TRANSPORT TO SHORE. IN EFFECT, THESE SHIPS BECOME FLOATING PIPELINES, WHICH OFFER MANY COMPETITIVE ADVANTAGES FOR DEVELOPMENT OF DEEPWATER FIELDS FAR FROM SHORE.

The shuttle tanker Dan Eagle, a converted product tanker, nearing completion in October 2008 at Remontowa shipyard in Gdansk, Poland.

Supporting the search for deepwater oil

Newly discovered oil fields in deep water off the coast of Brazil and elsewhere require massive resources for development. Lauritzen Tankers has already taken the first steps to participate with a long-term contract for two purpose-built shuttle tankers to operate under the wings of Transpetro, a wholly owned subsidiary of Petrobras, Brazils state-owned oil company. Lauritzen Tankers has also recently completed the conversion of a product tanker Dan Eagle for service as a shuttle tanker. In these projects, Lauritzen Tankers is building on organizational experience gained by pioneering the dynamic positioning (DP) shuttle tanker, Campos Transporter, which served Petrobras in Brazil's Campos Basin from 1999-2006. COMPETITIVE ADVANTAGES The new and converted vessels feature state-of-the-art design and dynamic positioning technology. The DP2 system enables the vessels automatically to maintain position and heading by using their own propellers and thrusters in order to transfer oil safely from floating production, storage, and offloading units (FPSOs) for transport to shore. In effect, a DP shuttle tanker becomes a floating pipeline, that offers many competitive advantages for development of deepwater fields far from shore, where pipelines are neither economically attractive nor physically practical. DP shuttle tankers are much easier to maintain and repair than deepwater pipelines, which further enhances the economic calculation. Additionally, DP shuttle tankers and the FPSOs they serve have the flexibility to be redeployed between fields according to production planning requirements.

N265/N266

SHUTTLE TANKER: DAN EAGLE DP2 shuttle tanker Built 1999 / Fully converted to DP2 shuttle tanker October 2008 Summer 44,774 DWT 52,044 m at 98 % corresponding to about 327,000 barrels
3

SHUTTLE TANKERS: N265 & N266 DP2 shuttle tanker To be delivered 2011 59,000 DWT About 60,000 m3 corresponding to about 378,000 barrels Bow loading system North Sea / Brazilian type Reference systems: Fanbeam, Artemis, RADius, DARPS Bow tunnel thruster 1,720 kw

Bow loading system North Sea / Brazilian type Reference systems: Fanbeam, Artemis, RADius, DARPS Two tunnel thrusters, one fore of 1,720 kw and one aft of 1,355 kw Two retractable Azimuth thrusters, one fore and one aft of 1,500 kw Loa 186.1 m Breadth 32.20 m Summer draft 12.21 m Double hull Fully epoxy coated in all cargo tanks Class notation: +1A1, tanker for oil, ESP, CSA-1, VCS-2, SPM, E0, Nauticus, T-mon, DYNPOS-AUTR, BLS

Two retractable Azimuth thrusters, one fore and one aft of 2,150 kw Loa 207 m Breadth 32.20 m Scantling draft 13.5 m Double hull Class notation: +1A1, tanker for oil, ESP, CSR, EO, DYNPOS-AUTR, OPP-F, ICS, BLS, SPM, F-AMC, NAUT-OC, T-mon, VCS-2

SHIPOWNERS: Lauritzen Tankers A/S 28, Sankt Annae Plads P.O. Box 2147 1291 Copenhagen K Denmark Phone: +45 33 96 80 00 Fax: +45 33 96 84 04 Email: Offshore@j-l.com www.j-lauritzen.com