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Aluminium Offshore Signs Contract for Gina Krog FSO Norway

Aluminium Offshore Signs Contract For Gina Krog FSO Norway

tkaoplAluminium Offshore Pte Ltd has been awarded a contract to deliver a 26.1m XE Enhanced Safety Helideck to Teekay for their FSO at the Gina Krog field in the Norwegian sector of the North Sea. The FSO will be based on a converted Shuttle Tanker in the Teekay Fleet.

Aluminium Offshore Pte Ltd is a member of the APPLY Group of companies, and strengthened the presence in Europe with Aluminium Offshore Europe in early 2014. This is the first contract Aluminium Offshore Pte Ltd has signed with Teekay. The contract is a result of a close cooperation between Teekay’s experienced technical team and Aluminium Offshore.

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 shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units and conventional oil tankers. 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). A majority of Teekay Offshore’s fleet trades on long-term, stable contracts and it is structured as a publicly-traded master limited partnership.

Teekay Offshore Partners’ common units trade on the New York Stock Exchange under the symbol “TOO”.

The project will start immediately and delivery is scheduled to early 4th quarter 2015.

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