Teekay Offshore Partners L.P. Updates Distribution Record Date

Teekay Offshore Partners L.P. Updates Distribution Record Date 
HAMILTON, BERMUDA -- (Marketwire) -- 01/24/13 -- 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".
Teekay Offshore Partners L.P.
Kent Alekson
Investor Relations
+1 (604) 609-6442
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