ACTIVITIES OVERVIEW
ABOUT US
KNUTSEN NYK OFFSHORE TANKERS
28 + 3 NB vessels
Shuttle tankers
Floating storage and offloading vessels
KNUTSEN TECHNOLOGY
Ship conversions + design
KVOC® - reducing VOC emissions
KBAL® - ballast water treatment
PNG® - marine CNG transportation
PCO2® - marine CO2 transportation
PRODUCT TANKERS
4 product/chemical tankers
1 parcel tanker
MANAGEMENT
Full in-house management including operation
Chartering
Commercial management
Technical management
Building supervision, conversion
and project development
LNG
11 + 1 NB LNG
FPSO design/shuttle tankers
Small scale LNG bunker supply
FSU/FSRU design
KNUTSEN SUBSEA SOLUTIONS
Enhanced Oil Recovery (EOR)
Well stimulation and chemicals injection
Extended Well Testing
Plug and abandonment
INTEGRATED
SHIPPING GROUP
11 LNGs
5 Product/Chemical tankers
15+4 shuttle tankers
1+1 FSO
33%
11 shuttle tankers
2 shuttle tanker pools
KBAL®+KVOC®+PNG®+PCO2®
NYSE ticker: KNOP
ABOUT US
KNOT Management
do Brasil Ltda.
KNOT Offshore
Partners LP.
OUR VALUES
• CREDIBILITY
our integrity on all levels through responsible and solution minded employees and operations
• INNOVATION
our innovation and passion for sustainable operations
• CARE
our relation, behaviour and commitment to safety for employees, customers, assets and the
environment
WE ARE COMMITTED TO SAFETY
SAFETY PROGRAM
Personal safety
involvement training
Management
behavior training
Familiarization training
Risk assessment – Toolbox Talk – Time Out
Root cause investigation training
Near miss reporting
Focus on lessons learnt
Environmental
requirements training
STRATEGY
ADVANCED VESSELS
LONG TERM CONTRACTS
FIRST CLASS CHARTERERS
SAFETY COMMITMENT
1 1 1 13 3
5 6 7
12 13 13 14 14 15 16 1719
21
26 26
3133 33
35
40 3941
39
34
41 41 4244
0 0 02
02
2 1
5
3 02 0 1
11
2
2
1
0
4
2
2 2
2
0
7 2
1
3
0 1
3
3
0
5
10
15
20
25
30
35
40
45
50
excisting vessel
NB Delivery
Building Advanced Vessels
FIRST CLASS CHARTERING
Impressive safety records
KPIs 2016 2015 Target or Reference
LTI frequency – zero policy 0,00 0,41 0,94 (comparison
Intertanko data)
Total recorded cases frequency - zero policy 0,69 1,1 2,39 (comparison
Intertanko data)
Number of major Accidents/Incidents – zero
policy
0 0 0
ECO care actions (suggested ECO
improvements)
782 New 2016
Sick leave 0,92% 0,91% <1,0%
Mail to all crew, officers and onshore personnel 6/10-2016:
Congratulations to all our seafarers and shore based personnel that’s working every day to make sure we have a safe
workplace.
Today October 6, 2016 both KNOT and KOAS have not registered any LTI (Loss time Injury’s) the last 12months while
we have
worked more than 7 million hours all over the world.
Well done everyone, and keep up the god safety work.
Kind Regard,
Geir Hagen
HSSE&QA Director
Knutsen OAS Shipping AS
& KNOT Management AS
VESSEL CBM DELIVERED CHARTERERContract
Years
LNG/c Pioneer Knutsen 1 100 2004 Gasnor/Shell 15
LNG/c Bilbao Knutsen 138 000 2004 Shell 20
LNG/c Cadiz Knutsen 138 000 2004 Union Fenosa SA 25
LNG/c Iberica Knutsen 138 000 2006 GasNatural 20
LNG/c Sestao Knutsen 138 000 2007 Shell 25
LNG/c Barcelona Knutsen 173 400 2010 Shell 20
LNG/c Sevilla Knutsen 173 400 2010 Shell 20
LNG/c Valencia Knutsen 173 400 2010 Shell 20
LNG/c Ribera del Duero Knutsen (Ice class 1A) 173 400 2010 Gas Natural 21
LNG/c La Mancha Knutsen 176 300 2016 Gas Natural 20
LNG/c Rioja Knutsen 176 300 2016 Gas Natural 20
LNG/c TBN 180 000 2019 Iberdrola Up to 20
LNG CONTRACTS
WE HAVE A MODERN LNG FLEET WITH LONG-TERM CONTRACTS:
OPERATIONS
EXCELLENT EXPERIENCE
• 29 years in offshore loading and DP
operations – more than 5000 cargos
• 6 STL ships (2 operating for 12 years)
• 26 BLS ships (bow loading system)
• 24 years in offshore tandem loading
• FSO loading from two independent
production platforms simultaneously
• 15 years of FSO operations
• Operating in icy and harsh weather conditions
• Largest operator of handy size shuttle tankers
• Support vessels for extended well testing
PIONEERED BY KNUTSEN
• First STL on shuttle tankers
• First shuttle tanker with diesel electric
propulsion for Norwegian shelf
• First operator of VOC recovery unit on
shuttle tanker
• Chemical injection into platform prod. risers
• 12 years LNG/c operations
• 100+ successful LNG ship to ship transfers
• World smallest operating LNG tanker
FOLLOWED THE
TECHNOLOGY DEVELOPMENT
1st generation LNG carrier
138,000cbm: Steam Turbine
• 180 mt HFO eq./day
• 1,304 kg/cbm
• “Traditional” LNG carrier at the
time
• BOR 0,14
• Delivered from 2004-2007
2nd generation LNG carrier
173,400cbm: diesel electric
• 136 mt HFO eq./day
• 0,784 kg/cbm
• Latest engine technology at
the time
• Twin skeg – 2 propellers
increased efficiency
• 4 DFDE engines each vessel
• Full flexibility and redundance
• BOR 0,14
• Delivered 2010
New generation LNG carrier
176,300cbm: ME-GI
• 100 mt HFO eq./day
• 0,567 kg/cbm
• Latest engine technology
• Optimised hull design
• Lower boil off rate
• Tank pressure built up
• BOR 0,09
• Re-liquefaction plant
• Full flexibility of fuel
• Delivery in 2016
40% fuel reduction 28% fuel reduction
KNOT IS THE WORLD’S2nd largest DP shuttle tanker owner/operator
• 28 VESSELS INCLUDING:26 shuttle tankers1 North Sea operating FSO1 FSO conversion project
• 3 OFFSHORE SHUTTLE TANKERS UNDER CONSTRUCTION:
2 x 158,000 dwt plus 1 optional vessel toShell on long term charters
• 1 x 152,000 dwt to Petrogal
OPERATIONS
KNUTSEN IS THE WORLD’Slargest DP shuttle tanker owner/operator
• 28 VESSELS INCLUDING:
26 shuttle tankers
1 North Sea operating FSO
1 FSO conversion project3 OFFSHORE SHUTTLE
TANKERS
UNDER CONSTRUCTION:
1 x 152,000 dwt to GALP
2 x 158,000 dwt for 5, 7 or 10 years TC
plus optional years up to 20 years including2 optional vessels to BG
CHARTERING
Vessel Built DWT Owned Contract Charterer
22 H2818 Jun-17 158 000 100 % TC Shell21 H2817 Feb-17 158 000 100 % TC Shell20 N686 Jan-17 152 000 100 % TC PETROGAL19 H2816 Oct-16 158 000 100 % TC Shell18 Raquel Knutsen Mar-15 152 000 100 % TC RSB17 Gijon Knutsen Jun-06 35 000 100 % CoA -16 Heather Knutsen Mar-05 148 000 100 % TC TEEKAY15 Jasmine Knutsen May-05 147 000 BB/Opt TC TEEKAY14 Siri Knutsen Jul-04 35 000 100 % CoA -13 Grena Knutsen Dec-03 149 000 100 % TC STATOIL12 Anneleen Knutsen Aug-02 35 000 100 % CoA -11 Hanne Knutsen (FSO) Sep-00 123 000 100 % TC TOTAL TOTAL (Martin Linge FSO)
10 Jorunn Knutsen (FSO) Apr-00 125 000 BB/Opt TC STATOIL9 Betty Knutsen Jul-99 35 300 100 % CoA -8 Sallie Knutsen Apr-99 154 000 100 % TC PETROGAL7 Karen Knutsen Mar-99 154 000 100 % CoA -6 Dan Eagle Mar-99 45 000 100 % TC PETROBRAS5 Loch Rannoch Aug-98 128 000 100 % CoA -4 Elisabeth Knutsen Sep-97 124 000 100 % CoA -3 Gerd Knutsen Sep-96 146 000 100 % SPOT -2 Catherine Knutse Mar-92 141 000 100 % TC PDVSA1 Tove Knutsen Dec-89 112 000 100 % SPOT -
KNOT Shuttle Tankers AS Fleet1 Windsor Knutsen May-07 159 333 100 % TC Shell RSB BG
2 Bodil Knutsen Feb-11 160 000 100 % TC STATOIL3 Fortaleza Knutsen Mar-11 105 000 100 % BBC TRANSPETRO4 Recife Knutsen Aug-11 105 000 100 % BBC TRANSPETRO5 Carmen Knutsen Jan-13 157 000 100 % TC RSB6 Hilda Knutsen Aug-13 123 000 100 % TC ENI7 Torill Knutsen Nov-13 123 000 100 % TC ENI8 Dan Cisne Sep-11 59 000 100 % BBC TRANSPETRO9 Dan Sabia Jan-12 59 000 100 % BBC TRANSPETRO10 Ingrid Knutsen Dec-13 112 000 100 % TC EXXON
Fixed Contract Large CoA Pool
Optional Period Small CoA Pool
N/A Yard
2018 2019 20202015 2016 2017 2021 2022 2023 2024 2025
MLP STRUCTUREListed 10. April 2013
IPO April 2013, owing 4 vessels
Today a fleet of eleven state of the art
shuttle tankers
All vessels secured under long term fixed-fee
revenue contracts with leading oil majors
Visible growth potential with four dropdown
candidates from Knutsen NYK Offshore
Tanker
Annual distribution currently $2.08, yielding
9.3 with share price $22.35
TECHNICAL INNOVATION
& FOCUS AREAS
• Well stimulation and chemical pumping vessels, EOR
(Enhanced Oil Recovery)
• Vessels for Extended Well Testing operation (ongoing
deep water EWT program)
• Vessels for Plug & Abandonment
KNUTSEN SUBSEA
SOLUTIONS
Why KBAL?
• Complete flow range
• No filter
• No chemicals
• Simplicity, robust system
• Easy to retrofit
• Small OPEX
• No safety issues
• Extensively tested
PRODUCT FEATURES:
KBAL Deliveries
New buildings:• Hilda Knutsen, 142 200 M3, KBAL 3000, Charterer: ENI, Owner KNOT, Delivery: July 2013.
• Torill Knutsen, 142 200 M3, KBAL 3000, Charterer: ENI, Owner KNOT, Delivery: Aug 2013.
• Ingrid Knutsen, 125 000 M3, KBAL 3000, Charterer: Exxon, Owner KNOT, Delivery: Oct 2013.
• Raquel Knutsen, 157 900 M3, KBAL 3000, Charterer: Repsol, Owner KNOT, Delivery: March 2015.
• La Mancha Knutsen and HHI 2734, 2 x LNGCs 176 300 M3, KBAL 3000, Charterer: Gas Natural, Owner: KOAS/ NYK, Delivery: 2016
• N686, 157 900 M3, KBAL 3000, charterer: Galp, Owner KNOT, Delivery: 2017.
• HHI 2816/17/18, each 175 700 M3, KBAL 2x2000, Charterer: BG (Shell), Owner: KNOT, Delivery 2016/17
• Edda Freya, OSV, KBAL 150, Owner Østensjø Rederi, Delivery: 2016
Retrofit• KBAL 600, M/T Gijon Knutsen, DNV Class, 2012
Typical tanker installation M/T Ingrid Knutsen