Teekay Offshore Partners L.P. Declares Distribution

(Thomson Reuters ONE) -


HAMILTON, BERMUDA--(Marketwire - January 19, 2012) - Teekay Offshore GP LLC, the
general partner of Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO),
has declared a cash distribution of $0.50 per unit for the quarter ended
December 31, 2011. The cash distribution is payable on February 14, 2012 to all
unitholders of record on February 1, 2012.

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 40 shuttle tankers (including four chartered-in
vessels and four committed newbuildings), five Floating Storage and Offtake
(FSO) units, ten conventional oil tankers, and three 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".


Contact Information

Contacts:
Teekay Offshore Partners L.P.
Kent Alekson
Investor Relations Enquiries
+1 (604) 609-6442
www.teekayoffshore.com







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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Teekay Offshore Partners L.P. via Thomson Reuters ONE

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Datum: 19.01.2012 - 22:02 Uhr
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