Teekay Offshore Partners L.P. Declares Distribution
October 25 2010 - 8:30AM
Marketwired
Teekay Offshore GP LLC, the general partner of Teekay Offshore
Partners L.P. (NYSE: TOO) (Teekay Offshore), has declared a cash
distribution of $0.475 per unit for the quarter ended September 30,
2010. The cash distribution is payable on November 12, 2010 to all
unitholders of record on November 5, 2010.
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, oil production and
storage services to the offshore oil industry. Teekay Offshore owns
a 51 percent interest in and controls Teekay Offshore Operating
L.P. (OPCO), a Marshall Islands limited partnership with a fleet of
33 shuttle tankers (including six chartered-in vessels), four FSO
units, nine double-hull conventional oil tankers and two lightering
vessels. OPCO has also agreed to acquire two newbuilding shuttle
tankers from Teekay Corporation upon the commencement of their
respective time-charter contracts in 2011. In addition, Teekay
Offshore has direct ownership interests in two shuttle tankers, two
FSO units and two FPSO units. Teekay Offshore also has rights to
participate in certain other FPSO opportunities.
Teekay Offshore's common units trade on the New York Stock
Exchange under the symbol "TOO".
Contacts: Teekay Offshore Partners L.P. Kent Alekson Investor
Relations Enquiries +1 (604) 609-6442 www.teekayoffshore.com
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