HAMILTON, BERMUDA--(Marketwired - Oct. 2, 2015) - Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared cash distributions of $0.4531 per unit on the Partnership's Series A preferred units (NYSE:TOO.PR.A) and $0.5313 per unit on the Partnership's Series B preferred units (NYSE:TOO.PR.B) for the period from August 15, 2015 to November 14, 2015. Both cash distributions are payable on November 13, 2015 to all unitholders of record as at November 6, 2015.

About Teekay Offshore

Teekay Offshore Partners is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry, primarily focusing on the growing deepwater offshore oil regions of the North Sea and Brazil. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.6 billion, comprised of 68 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts.

Teekay Offshore Partners' common units and preferred units trade on the New York Stock Exchange under the symbol "TOO", "TOO PR A" and "TOO PR B", respectively.

Contact Information:

Investor Relations Enquiries
Ryan Hamilton
+1 (604) 609-6442