Teekay Offshore Partners L.P. Common Units representing Limited Partner Interests (TOO) Quote & Summary Data
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Key Stock Data
The current last sale of $1.82 Equals the 52 week low.
|Intraday||Last 52 Weeks|
|High:||$ 1.90||$ 3.12|
|Low:||$ 1.81||$ 1.82|
Company Description (as filed with the SEC)
B. Business Overview FPSO Segment FPSO units are offshore production facilities that are ship-shaped or cylindrical-shaped and store processed crude oil in tanks located in the hull of the vessel. FPSO units are typically used as production facilities to develop marginal oil fields or deepwater areas remote from existing pipeline infrastructure. Of four major types of floating production systems, FPSO units are the most common type. Typically, the other types of floating production systems do not have significant storage and need to be connected into a pipeline system or use an FSO unit for storage. FPSO units are less weight-sensitive than other types of floating production systems and their extensive deck area provides flexibility in process plant layouts. In addition, the ability to utilize surplus or aging tanker hulls for conversion to an FPSO unit provides a relatively inexpensive solution compared to the new construction of other floating production systems. ... More ...