Teekay Offshore Partners L.P.
NYSE : TOO

Teekay Offshore Partners L.P.

January 02, 2015 09:00 ET

Teekay Offshore Partners Declares Distribution

HAMILTON, BERMUDA--(Marketwired - Jan. 2, 2015) - 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 $0.5384 per unit for the quarter ended December 31, 2014. The cash distribution is payable on February 13, 2015 to all unitholders of record as at January 15, 2015.

About Teekay Offshore Partners L.P.

Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage services and floating accommodation to the offshore oil industry focusing on the fast-growing, deepwater offshore oil regions of the North Sea and Brazil. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) and owns interests in 33 shuttle tankers (including two chartered-in vessels), eight floating production storage and offloading (FPSO) units (including two committed FPSO conversion units and one FPSO unit the Partnership's Board of Directors has approved to acquire upon commencement of its charter contract), six floating storage and offtake (FSO) units (excluding one committed FSO conversion unit, which is currently operating as a shuttle tanker), one Hi-Load Dynamic Positioning (DP) unit, ten long-haul towing and anchor handling vessels (including six vessels Teekay Offshore has agreed to acquire and four newbuildings), three floating accommodation unit newbuildings and four conventional oil tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts. In addition, Teekay Offshore also has rights to participate in certain other FPSO, shuttle tanker and Hi-Load DP opportunities provided by Teekay Corporation (NYSE:TK), Sevan Marine ASA (Oslo Bors: SEVAN) and Remora AS.

Teekay Offshore Partners' common units trade on the New York Stock Exchange under the symbol "TOO".

Contact Information

  • Teekay Offshore Partners L.P.
    Ryan Hamilton
    Investor Relations enquiries
    +1 (604) 609-6442
    www.teekayoffshore.com