July 13, 2012
HAMILTON, BERMUDA–(Marketwire – July 13, 2012) – Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO), has declared a cash distribution of $0.5125 per unit for the quarter ended June 30, 2012. The cash distribution is payable on August 10, 2012 to all unitholders of record on July 25, 2012.
About Teekay Offshore Partners L.P.
Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production and storage services to the offshore oil industry focusing on the fast-growing, deepwater offshore oil regions of the North Sea and Brazil. Teekay Offshore owns interests in 40 shuttle tankers (including four chartered-in vessels and four committed newbuildings), three floating production, storage and offloading (FPSO) units, five floating storage and offtake (FSO) units and nine conventional oil tankers. In addition, Teekay Offshore has rights to participate in certain other FPSO and shuttle tanker opportunities provided by Teekay Corporation (NYSE:TK) and Sevan Marine ASA (OSLO:SEVAN). The majority of Teekay Offshore’s fleet trades on long-term, stable contracts and it is structured as a publicly-traded master limited partnership (MLP).
Teekay Offshore’s common units trade on the New York Stock Exchange under the symbol “TOO”.