Teekay Offshore Partners L.P. Announces First Quarter 2008 Earnings Conference Call

HAMILTON, BERMUDA plans to release its financial results for the quarter after market close on Wednesday, May 14, 2008.

The Partnership plans to host a conference call on Friday, May 16, 2008 at 12:00 p.m. (ET) to discuss the results for the first quarter of 2008. All unitholders and interested parties are invited to listen to the live conference call by choosing any of the following options:

- By dialing (866) 322-1159 or (416) 640-3404 if outside North America;

- By accessing the webcast, which will be available on Teekay Offshore Partners web site at www.teekayoffshore.com (The archive will remain on the web site for a period of 30 days).

- A recording of the conference call will also be available until Friday, May 23, 2008 by dialing (888) 203-1112 or (647) 436-0148 and entering access code 3646842.

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

Teekay Offshore Partners (NYSE:TOO)
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