October 18, 2011
HAMILTON, BERMUDA–(Marketwire – Oct. 18, 2011) – 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 September 30, 2011. the cash distribution is payable on November 14, 2011 to all unitholders of record on November 2, 2011.
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 five chartered-in vessels and five committed newbuildings), five Floating Storage and Offtake (FSO) units, ten conventional oil tankers, and two 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”.