Teekay Offshore Partners L.P. Declares Distribution
July 13 2012 - 9:15AM
Marketwired
Teekay Offshore GP LLC, the general partner of Teekay Offshore
Partners L.P. (Teekay Offshore) (NYSE:TOO), has declared a cash
distribution of $0.5125 per unit for the quarter ended June 30,
2012. The cash distribution is payable on August 10, 2012 to all
unitholders of record on July 25, 2012.
About Teekay Offshore Partners L.P.
Teekay Offshore Partners L.P. is an international provider of
marine transportation, oil production and storage services to the
offshore oil industry focusing on the fast-growing, deepwater
offshore oil regions of the North Sea and Brazil. Teekay Offshore
owns interests in 40 shuttle tankers (including four chartered-in
vessels and four committed newbuildings), three floating
production, storage and offloading (FPSO) units, five floating
storage and offtake (FSO) units and nine conventional oil tankers.
In addition, Teekay Offshore has rights to participate in certain
other FPSO and shuttle tanker opportunities provided by Teekay
Corporation (NYSE:TK) and Sevan Marine ASA (OSLO:SEVAN). The
majority of Teekay Offshore's fleet trades on long-term, stable
contracts and it is structured as a publicly-traded master limited
partnership (MLP).
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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