Teekay Offshore signs Brazil shuttle tanker contract

23 Jun 2011
Teekay Offshore fleet of 40 shuttle tankers, which includes the 1998-built ‘Navion Scandia’ pictured here, will be joined by four newbuildings in 2013

Teekay Offshore fleet of 40 shuttle tankers, which includes the 1998-built ‘Navion Scandia’ pictured here, will be joined by four newbuildings in 2013

Teekay Offshore GP, the general partner of Teekay Offshore Partners, has entered into a new long-term contract with a subsidiary of the British BG Group to provide shuttle tanker services in Brazil.

The contract with BG will be serviced by four Suezmax-size DP2 shuttle tanker newbuildings to be constructed by Samsung Heavy Industries in South Korea. Upon delivery in mid- to late-2013, the vessels will commence operations under 10-year time-charters. The contract with BG also includes certain extension options and vessel purchase options.

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