Teekay Offshore Partners L.P. Updates Distribution Record Date

1/24/2013 9:06 PM EST

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

January 24, 2013

Teekay Offshore Partners L.P. Updates Distribution 
Record Date

HAMILTON, BERMUDA--(Marketwire - Jan. 24, 2013) - 
Teekay Offshore GP LLC, the general partner of Teekay 
Offshore Partners L.P. (Teekay Offshore or the 
Partnership) (NYSE:TOO), today announced a revised 
record date for its previously declared cash 
distribution of $0.5125 per unit for the quarter 
ended December 31, 2012. The cash distribution is 
payable on Thursday, February 14, 2013 (unchanged) to 
all unitholders of record on Monday, February 4, 
2013. This record date supersedes the previously 
announced record date of Friday, February 1, 2013 for 
the distribution for the quarter ended December 31, 
2012.

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 37 shuttle tankers (including four 
chartered-in vessels and four committed 
newbuildings), five floating storage and offtake 
(FSO) units, six 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 Teekay Corporation 
(NYSE:TK) and Sevan Marine ASA (Oslo Bors:SEVAN). The 
Partnership has recently accepted an offer from 
Teekay Corporation to acquire the Voyageur Spirit 
FPSO and has entered into an agreement to acquire a 
2010-built HiLoad Dynamic Positioning unit from 
Remora AS. 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 Partners' common units trade on the 
New York Stock Exchange under the symbol "TOO".


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

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

-0-