Teekay Offshore Partners L.P.
NYSE : TOO

Teekay Offshore Partners L.P.

January 02, 2015 09:00 ET

Teekay Offshore Partners Declares Distribution on Series A Preferred Units

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 $0.4531 per unit on the Partnership's Series A preferred units (NYSE:TOO PR A) for the period from November 15, 2014 to February 15, 2015. The cash distribution is payable on February 13, 2015 to all unitholders of record as at February 6, 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 and preferred units trade on the New York Stock Exchange under the symbol "TOO" and "TOO PR A", respectively.

Contact Information

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