ABERDEEN, Scotland–(BUSINESS WIRE)–KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced the following today:
The Partnership is pleased to announce that Statoil ASA has utilised its option to extend the time charter of the vessel Bodil Knutsen by one additional year until May 2017. Following the declaration of extension, Statoil ASA has two remaining one-year options to extend the time charter until May 2019.
The Partnership owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. The Partnership is structured as a master limited partnership. The Partnership’s common units trade on the New York Stock Exchange under the symbol “KNOP.”