Delivery FSO Asia

Antwerp, Belgium, 5th January 2010 – The executive committee of Euronav NV (EURONEXT BRUSSELS: EURN) is pleased to announce that on 4 January 2010 the FSO Asia, a Floating Storage and Offloading (FSO) service vessel owned by the joint venture in which OSG and Euronav NV each has a 50% interest, was successfully hooked-up at the Al Shaheen oil field. The provisional delivery of the FSO Asia to Maersk Oil Qatar will be followed by a commissioning period of up to 120 days at the field after which final delivery is expected to take place.

Euronav is one of the world's leading independent tanker companies engaged in the ocean transportation of crude oil and petroleum products. The Company's modern fleet consists of interests in 23 very large crude carriers (VLCC) and ultra large crude carriers (ULCC), of which 10 vessels are chartered in from third parties either directly or jointly with partners. 19 VLCCs and 1 ULCC are managed in the Tankers International pool of which Euronav is one of the major partners. 1 ULCC is currently being converted to FSO and another converted ULCC has been delivered. Euronav owns and also operates 18 Suezmaxes. Euronav also has now a further 6 Suezmaxes (4 of which in JV) and 1 VLCC on order.

Euronav NV press release