Teekay Petrojarl

Teekay Petrojarl 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 1 million barrels (160,000 m³) of crude oil. Teekay Petrojarl operates five FPSO vessels, two shuttle tankers and one storage tanker. It is owned by Teekay, a large operator of tankers.

Operations[]

Petrojarl Banff at Blohm + Voss shipbuilding works in Hamburg 2013

History[]

Teekay Petrojarl started off as Golar Nor Offshore and was part of Petroleum Geo-Services (PGS) in 1998 when it acquired and two FPSO vessels, and Petrojarl Foinaven. Within a year two more vessels were delivered and . In 2005 the company acquired the shuttle tanker Rita Knutsen with possibilities for FPSO conversion. In 2007, the Russian tanker Che Guevara was converted into FPSO by the Polish Remontowa S.A..^{[citation needed]}

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.^{[citation needed]}

External links[]

• Teekay Petrojarl web site
• Petroleum Geo-Services web site
• Petroleum Geo-Services 2005 Annual Report^{[permanent dead link]}