Teekay Offshore Partners L.P. Declares Distribution
February 04 2008 - 5:00PM
Marketwired
NASSAU, THE BAHAMAS , has declared a cash distribution of $0.40
per unit for the quarter ended December 31, 2007, an increase of
$0.015 per unit, or 3.9%, from the third quarter of 2007. Teekay
Offshore Partners L.P.'s quarterly distributions have increased by
14% since its initial public offering in December 2006. The cash
distribution is payable on February 14, 2008 to all unitholders of
record on February 8, 2008.
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 and storage
services to the offshore oil industry. Teekay Offshore Partners
owns a 26.0% interest in and controls Teekay Offshore Operating
L.P., a Marshall Islands limited partnership with a fleet of 36
shuttle tankers (including 12 chartered-in vessels), four floating
storage and offtake units (FSO) and nine conventional crude oil
Aframax tankers. In addition, Teekay Offshore Partners L.P. has
direct ownership interests in two shuttle tankers and one FSO.
Teekay Offshore Partners also has rights to participate in certain
floating production, storage and offloading (FPSO)
opportunities.
Teekay Offshore Partners' common units trade on the New York
Stock Exchange under the symbol "TOO".
Contacts: Teekay Offshore Partners L.P. Dave Drummond Investor
Relations Enquiries (604) 609-6442 Teekay Offshore Partners L.P.
Alana Duffy Media Enquiries (604) 844-6605 Website:
www.teekayoffshore.com
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