Teekay Petrojarl

Infobox Company
company_name = Teekay Petrojarl ASA
company_
company_type = Public
foundation = 1998
location = Trondheim, Norway
key_people = Peter Lytzen (CEO)
area_served =
industry = Petroleum
products = Floating Production Storage and Offloading
revenue = loss USD 277.4 million (2006)
net_income =
num_employees = 512 (2006)
parent =
subsid =
homepage = http://www.teekaypetrojarl.com
footnotes =

Teekay Petrojarl (ose|PETRO) is the largest Floating Production Storage and Offloading (FPSO) operator in the North Sea with a daily production of 339,000 barrels of oil per day and a storage capacity of one million barrels of crude oil. Teekay Petrojarl operates four FPSO vessels, two shuttle tankers and one storage tanker.

Operations

History

Teekay Petrojarl started off as PGS Production and was part of Petroleum Geo-Services (PGS) in 1998 when it acquired Golar-Nor and two FPSO vessels, Petrojarl I and Petrojarl Foinaven. Within a year two more vessels were delivered Petrojarl Banff and Petrojarl Varg. In 2005 the company acquired the shuttle tanker Rita Knutsen with possibilities for FPSO conversion.

Petrojarl ASA was demerged from Petroleum Geo-Services in 2006 and listed on Oslo Stock Exchange in June. Teekay acquired majority ownership in December and Petrojarl ASA became Teekay Petrojarl ASA.

External links

* [http://www.teekaypetrojarl.com Teekay Petrojarl web site]
* [http://www.pgs.com Petroleum Geo-Services web site]
* [http://www.petrojarl.com/downloadfile.php?i=37693cfc748049e45d87b8c7d8b9aacd Petroleum Geo-Services 2005 Annual Report]