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Business Description :
Teekay Offshore Partners LP is an international provider of marine transportation, oil production, and storage services to the offshore oil industry. Its segments include Shuttle Tankers, FPSO, UMS segment, Conventional Tankers, FSO Units and the Towage segment. The key revenue of the company is derived from the FPSO and Shuttle Tanker segment. The FPSO segment consists of its FPSO units to service its FPSO contracts. The shuttle tanker segment consists of shuttle tankers operating primarily on fixed-rate contracts of affreightment, time-charter contracts or bareboat charter contracts.