Teekay Offshore Partners L.P. Declares Distribution
HAMILTON, BERMUDA--(Marketwire - January 18, 2013) - Teekay Offshore GP LLC, the
general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the
Partnership) (NYSE: TOO), has declared a cash distribution of $0.5125 per unit
for the quarter ended December 31, 2012. The cash distribution is payable on
February 14, 2013 to all unitholders of record on February 1, 2013.
About Teekay Offshore Partners L.P.
Teekay Offshore Partners L.P. is an international provider of marine
transportation, oil production and storage services to the offshore oil industry
focusing on the fast-growing, deepwater offshore oil regions of the North Sea
and Brazil. Teekay Offshore owns interests in 37 shuttle tankers (including four
chartered-in vessels and four committed newbuildings), five floating storage and
offtake (FSO) units, six conventional oil tankers, and three floating
production, storage and offloading (FPSO) units. Teekay Offshore also has rights
to participate in certain other FPSO and shuttle tanker opportunities provided
by Teekay Corporation (NYSE: TK) and Sevan Marine ASA (Oslo Bors: SEVAN). The
Partnership has recently accepted an offer from Teekay Corporation to acquire
the Voyageur Spirit FPSO and has entered into an agreement to acquire a 2010-
built HiLoad Dynamic Positioning unit from Remora AS. The majority of Teekay
Offshore's fleet trades on long-term, stable contracts and it is structured as a
publicly-traded master limited partnership (MLP).
Teekay Offshore Partners' common units trade on the New York Stock Exchange
under the symbol "TOO".
Teekay Offshore Partners L.P.
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Source: Teekay Offshore Partners L.P. via Thomson Reuters ONE