Teekay Offshore Partners L.P. Declares Distribution
May 01 2008 - 4:02PM
Marketwired
HAMILTON, BERMUDA , has declared a cash distribution of $0.40
per unit for the quarter ended March 31, 2008. The cash
distribution is payable on May 15, 2008 to all unitholders of
record on May 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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