HAMILTON, BERMUDA–(Marketwired – April 1, 2016) – 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 $0.11 per unit for the quarter ended March 31, 2016. The cash distribution is payable on May 13, 2016 to all unitholders of record on April 29, 2016. Teekay Offshore’s cash distributions are reported on Form 1099 for United States tax purposes. About Teekay Offshore Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry, primarily focusing on the deepwater offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 66 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore’s fleet is employed on medium-term, stable contracts. Teekay Offshore’s common units trade on the New York Stock Exchange under the symbol “TOO”.
For Investor Relations Enquiries: Ryan Hamilton +1 (604) 609-6442 www.teekay.com