Teekay Offshore Partners Declares Distribution
October 03 2017 - 4:05PM
Teekay Offshore GP LLC, the general partner of Teekay Offshore
Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has
declared a distribution of $0.01 per unit for the quarter ended
September 30, 2017. The distribution is payable on November 10,
2017 to all unitholders of record on November 3, 2017. 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 oil industry, primarily
focusing on oil production-related activities of its customers and
operating in 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 $5.6 billion, comprised of 62 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 and the Series A
and B preferred units trade on the New York Stock Exchange under
the symbol "TOO", “TOO PR A” and “TOO PR B”, respectively.
For Investor Relationsenquiries
contact:
Ryan HamiltonTel: +1 (604) 609-6442Website:
www.teekay.com
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