Teekay Offshore Partners L.P.
NYSE : TOO

Teekay Offshore Partners L.P.

January 19, 2012 16:02 ET

Teekay Offshore Partners L.P. Declares Distribution

HAMILTON, BERMUDA--(Marketwire - Jan. 19, 2012) - Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO), has declared a cash distribution of $0.50 per unit for the quarter ended December 31, 2011. The cash distribution is payable on February 14, 2012 to all unitholders of record on February 1, 2012.

About Teekay Offshore Partners L.P.

Teekay Offshore Partners L.P., a publicly-traded master limited partnership formed by Teekay Corporation (NYSE:TK), is an international provider of marine transportation, oil production and storage services to the offshore oil industry. Teekay Offshore owns 40 shuttle tankers (including four chartered-in vessels and four committed newbuildings), five Floating Storage and Offtake (FSO) units, ten 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 its sponsor, Teekay Corporation.

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

Contact Information

  • Teekay Offshore Partners L.P.
    Kent Alekson
    Investor Relations Enquiries
    +1 (604) 609-6442
    www.teekayoffshore.com