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Hamilton, Bermuda - Marketwired - May 14, 2015
Teekay Offshore Partners L.P (NYSE:TOO) Highlights Generated distributable cash flow of $60.6 million in the first quarter of 2015, an increase of 19 percent from the first quarter of 2014. Declared first quarter 2015 cash distribution of $0.5384 per common unit.
Knarr FPSO unit achieved first oil in mid-March 2015 and commenced its charter contract at partial rate; the acquisition of the Knarr FPSO from Teekay Corporation is expected to be completed in the second quarter of 2015.
The Partnership's first Unit for Maintenance and Safety (UMS), the Arendal Spirit, was delivered in February 2015 and is expected to commence its three-year charter contract with Petrobras in June 2015.
Completed the acquisition of the first four of the six on-the-water long-distance towing and offshore installation vessels. Liquidity of approximately $400 million as at March 31, 2015, giving pro-forma effect to the approximately $121 million of net proceeds from the Partnership's preferred unit public offering completed in April 2015.
Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), today reported the Partnership's results for the quarter ended …
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Teekay Offshore Partners L.P. press release
Petrojarl Knarr FPSO