Teekay Offshore Partners L.P. Announces Availability of 2011 Annual Report

5/17/2012 8:43 PM EST

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR:  TEEKAY OFFSHORE PARTNERS L.P.
 
NYSE SYMBOL:  TOO

May 17, 2012

Teekay Offshore Partners L.P. Announces Availability 
of 2011 Annual Report

HAMILTON, BERMUDA--(Marketwire - May 17, 2012) - 
Teekay Offshore GP LLC, the general partner of Teekay 
Offshore Partners L.P. (NYSE:TOO) (Teekay Offshore or 
the Partnership) announced today that the 
Partnership's 2011 Annual Report on Form 20-F has 
been filed with the U.S. Securities and Exchange 
Commission (SEC), effective April 24, 2012. Copies 
are available on Teekay Offshore's website at 
www.teekayoffshore.com. Unitholders may request a 
printed copy of this annual report, including the 
complete audited financial statements, free of charge 
by contacting Teekay Offshore Investor Relations.

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 ten 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".


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FOR FURTHER INFORMATION PLEASE CONTACT:

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

INDUSTRY:  Energy and Utilities-Oil and Gas , 
Transportation and Logistics-Maritime
SUBJECT:   STK

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