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Teekay Offshore Partners LP (NYSE:TOO)

2.46
Delayed Data
As of Aug 18
 +0.01 / +0.41%
Today’s Change
1.65
Today|||52-Week Range
6.69
-51.38%
Year-to-Date
SECTOR
Transportation
INDUSTRY
Marine Shipping
MARKET CAP
$378.5M

Company Description

Teekay Offshore Partners LP provides marine transportation, oil production and storage services to the offshore oil industry. It owns interests in shuttle tankers, floating production, storage and offloading units, floating storage and offtake units and conventional oil tankers. The company operates through the following segments: Shuttle Tanker; Floating Production, Storage and Offloading; Units for Maintenance and Safety; Towage; Conventional Tanker, and Floating Storage and Offtake. The Shuttle Tanker segment consists of shuttle tankers operating primarily on fixed-rate contracts of affreightment, time-charter contracts or bareboat charter contracts. The Floating Production, Storage and Offloading segment consists of its FPSO units subject to operations and charter contracts. The Units for Maintenance and Safety segment is used primarily for offshore accommodation, storage and support for maintenance and modification projects on existing offshore installations, or during the installation and decommissioning of large floating exploration, production and storage units, including FPSO units, FLNG units and floating drill rigs. The Towage segments long-distance towing and offshore installation vessels are used for the towage, station-keeping, installation and decommissioning of large floating objects such as exploration, production and storage units, including FPSO units, floating liquefied natural gas units and floating drill rigs. The Conventional Tanker segment consists of conventional tankers operating on fixed-rate, time-charter contracts or bareboat charter contracts. The Floating Storage and Offtake segment consists of its FSO units subject to fixed-rate, time-charter contracts or bareboat charter contracts. Teekay Offshore GP L.L.C. serves as the general partner of the company. Teekay Offshore Partners was founded on August 31, 2006 and is headquartered in Hamilton, Bermuda.

Contact Information

Teekay Offshore Partners LP
Belvedere Building
Hamilton Hamilton HM 08
P:(441) 298-2530
Investor Relations:

Employees

Shareholders

Other institutional25.80%
Mutual fund holders25.52%
Individual stakeholders1.09%

Top Executives

Ingvild SætherPresident & Chief Executive Officer
David WongChief Financial Officer
Ryan J. HamiltonInvestor Relations Contact
Edith L. RobinsonSecretary