Teekay Offshore Partners has locked two shuttle tankers into long-term deals with oil majors.

The New York-listed company has inked fresh contracts of affreightment (COA) with BP, Royal Dutch Shell and OMV Group.

Two of its shuttle tankers will transport oil produced from the new Glen Lyon FPSO in the North Sea.

Peter Evensen, chief executive of Teekay Offshore, said: “"These contracts further enhance our COA contract portfolio and are expected to add future cash flow through higher shuttle tanker fleet utilization without the need for incremental capital expenditures.”

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