Organic Growth Made Easy – Teekay Offshore Considers Dropdowns

The answer, of course, is yes. Given the opportunity to participate in the improved master agreement with Statoil for shuttle tankers negotiated by its 51% subsidiary Teekay Offshore Operating L.P. (“OPCO”) and to purchase an FPSO on long-term charter to Petrobras, we can’t imagine the company is dawdling, but only waiting for the ink to dry on the fairness opinion.

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