HAMILTON, BERMUDA -- (Marketwire) -- 05/07/12 -- Teekay Offshore Partners (Teekay Offshore or the Partnership) (NYSE: TOO) plans to release its financial results for the first quarter of 2012 before market open on Thursday, May 17, 2012.

The Partnership also plans to host a conference call on Friday, May 18 at 11:00 a.m. (ET) to discuss the results for the first 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 (866) 322-8032 or (416) 640-3406, if outside North America,
    and quoting conference ID code 5961264.
--  By accessing the webcast, which will be available on Teekay Offshore's
    website at www.teekayoffshore.com (the archive will remain on the
    website for a period of 30 days).

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

The conference call will be recorded and available until Friday, May 25, 2012. This recording can be accessed following the live call by dialing (888) 203-1112 or (647) 436-0148, if outside North America, and entering access code 5961264.

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 40 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 ten 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 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".