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Teekay Offshore Partners L.P. : Teekay Offshore Partners L.P. Updates Distribution Record Date

    Teekay Offshore Partners L.P. : Teekay Offshore Partners L.P. Updates
                           Distribution Record Date

HAMILTON, BERMUDA--(Marketwire - January 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".

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

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Source: Teekay Offshore Partners L.P. via Thomson Reuters ONE
HUG#1673199
 
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