TOO Teekay Offshore Partners LP

Teekay Offshore Partners (NYSE: TOO) (Teekay Offshore or the Partnership) plans to release its financial results for the second quarter of 2011 before market open on Thursday, August 11, 2011.

The Partnership also plans to host a conference call on Friday, August 12, 2011 at 1:00 p.m. (ET) to discuss the results for the second quarter 2011. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options:

--  By dialing (866) 322-8032 or (416) 640-3406, if outside North America,
    and quoting conference ID code 4969510.
--  By accessing the webcast, which will be available on Teekay Offshore's
    website at www.teekayoffshore.com (the archive will remain on the
    website for a period of 30 days).

A supporting Second Quarter 2011 Earnings Presentation will also be available at www.teekayoffshore.com in advance of the conference call start time.

The conference call will be recorded and available until Friday, August 19, 2011. This recording can be accessed following the live call by dialing (888) 203-1112 or (647) 436-0148, if outside North America, and entering access code 4969510.

About Teekay Offshore

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 40 shuttle tankers (including five chartered-in vessels and five committed newbuildings), five Floating Storage and Offtake (FSO) units, 11 conventional oil tankers, and two Floating Production Storage and Offloading (FPSO) units. Teekay Offshore also has rights to participate in certain other FPSO and shuttle tanker opportunities provided by its sponsor, Teekay Corporation.

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