Stable operating model
Teekay Offshore has a stable operating model and generates revenues from a diversified portfolio of medium term fixed-rate contracts with major oil companies.
View Teekay Offshore’s distribution history
Teekay Offshore is the world’s largest owner and operator of shuttle tankers with a market leading position in the North Sea and expanding operations in Brazil.
Our parent, Teekay Corporation, is a leader in harsh weather floating production, and Teekay Offshore's acquisition of the FPSOs Petrojarl Varg and Petrojarl Cidade de Rio das Ostras further strengthened our position as an integral part of our customers’ offshore oil production chain.
Learn more about our role in the offshore value chain
Offshore industry growth
Offshore oil production and transport remains an area of growth. Offshore production is expected to represent more than 35 percent of the world oil production by 2015 and result in substantial new projects under all oil price scenarios.
Learn more about opportunities in Brazil and the North Sea, Teekay Offshore's core offshore markets
Built-in opportunities for fleet growth
Our sponsor, Teekay Corporation, owns numerous assets suitable for drop down to Teekay Offshore, including FPSO units and one shuttle tanker newbuilding.
Learn more about our relationship with Teekay Corporation
Teekay Offshore Partners has elected to be taxed as a corporation for U.S. federal income tax purposes, which makes Teekay Offshore Partners appropriate for retirements accounts, such as IRAs and 401(k)s.
View full Teekay Offshore tax information