Market Overview

Teekay Offshore Partners Announces Third Quarter 2012 Earnings Results Conference Call


HAMILTON, BERMUDA--(Marketwire - Oct. 29, 2012) - Teekay Offshore Partners (Teekay Offshore or the Partnership) (NYSE: TOO) plans to release its financial results for the third quarter of 2012 before market open on Thursday, November 8, 2012.

The Partnership also plans to host a conference call on Friday, November 9 at noon (ET) to discuss the results for the third quarter of 2012. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options:

-- By dialing 1-866-322-8032 or 416-640-3406, if outside North America, and
quoting conference ID code 8873714.
-- By accessing the webcast, which will be available on Teekay Offshore's
website at (the archive will remain on the
website for a period of 30 days).

A supporting Third Quarter 2012 Earnings Presentation will also be available at in advance of the conference call start time.

The conference call will be recorded and available until Friday, November 16, 2012. This recording can be accessed following the live call by dialing 1-888-203-1112 or 647-436-0148, if outside North America, and entering access code 8873714.

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 39 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 nine 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 Bors:SEVAN). The Partnership has recently accepted an offer from Teekay Corporation to acquire the Voyageur Spirit FPSO. 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".

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

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