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Teekay Marine Markets - Offshore Update, Q2 2012

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Published on Jun 15, 2012

www.teekayoffshore.com Teekay Marine Markets - Offshore Update, Q2 2012. Market Analyst Christian Waldegrave provides an offshore market update, including a look at the need for high specification shuttle tankers in the North Sea.

FORWARD LOOKING STATEMENTS
This video contains forward-looking statements which reflect the company's current views with respect to certain future events and performance, including statements regarding:he Partnership's future growth prospects and potential distribution increases; the industry fundamentals for deepwater offshore oil production, storage and transportation; the potential for Teekay to offer additional vessels to the Partnership and the Partnership's acquisition of any such vessels; and the potential for the Partnership to acquire other vessels or offshore projects from Teekay or third parties. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: vessel operations and oil production volumes; significant changes in oil prices; variations in expected levels of field maintenance; increased operating expenses; variability in shuttle tanker tonnage requirements under the Statoil master agreement; different-than-expected levels of oil production in the North Sea and Brazil offshore fields; potential early termination of existing shuttle tanker, FPSO or FSO contracts; failure of Teekay to offer to the Partnership additional vessels; failure to obtain required approvals by the Conflicts Committee of Teekay Offshore's general partner to acquire other vessels or offshore projects from Teekay or third parties; the Partnership's ability to raise financing to purchase additional assets; and other factors discussed in Teekay Offshore's filings from time to time with the SEC, including its Report on Form 20-F for the fiscal year ended December 31, 2010. The Partnership expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Partnership's expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.

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