BUSINESS

Fleet Showcase: Petrojarl Foinaven Animation

08/24/2011

The Petrojarl Foinaven is an offshore production system specially designed for oil production in the ultra-harsh environment of the North Sea and North Atlantic margin. It is designed to stay connected to the production wells in the 100 year West of Shetland environmental condition.

The ship’s production facilities comprise two parallel two stage separation trains separating crude, gas and produced water. The stabilized crude is temporarily stored onboard for subsequent offloading to shuttle tankers. The produced gas is used for generation of electricity, fuel to boilers, gas lift and the remainder is exported to the Magnus Field for enhanced recovery purposes. The reservoir pressure is maintained by a water injection system.

Teekay Group

NYSE: TGP

Teekay LNG Partners L.P. generates stable cash flows from long-term fixed-rate contracts with strong counterparties. LNG demand is expected to grow by 50% by 2030

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NYSE: TOO

Teekay Offshore Partners L.P. generates stable cash flows from fixed-rate contracts and is the world’s largest owner and operator of shuttle contracts

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NYSE: TNK

Teekay Tankers Ltd. has a balanced chartering strategy of fixed-rate and spot market contracts that can pay a dividend in virtually any spot tanker market

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NYSE: TK

Teekay Corporation is financially strong with a unique business platform and leading positions in promising midstream marine growth sectors

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NYSE: TGP 40.02 -0.05 -0.12% Volume: 213,088 May 16, 2012

TOO stock

NYSE: TOO 28.48 -0.32 -1.11% Volume: 107,624 May 16, 2012

TNK Stock

NYSE: TNK 4.47 -0.15 -3.25% Volume: 1,224,867 May 16, 2012

TK Stock

NYSE: TK 30.60 -0.22 -0.71% Volume: 407,470 May 16, 2012