The New York-listed tanker giant is planning to increase its payout to shareholders once it completes the sale of the 63,000-barrels per day floating storage and offloading unit (FPSO) Petrojarl Knarr (built 2014) to daughter company Teekay Offshore Partners.
But the deal will only be finalised after the floater strikes first oil in the North Sea.
“The offshore installation and testing of the Petrojarl Knarr on its North Sea field is progressing well,” said Evensen, who is also chief executive of Teekay Offshore.
