Teekay Offshore Partners pointed to increased input from its shuttle tankers and a greater contribution from the Petrojarl I FPSO for a significant rise in its quarterly cash flows.
Cash flow from vessel operations came in at $167.3m in the three months to the end of September, as the MLP booked an adjusted profit of $7.1m for the period.
Ingvild Saether, chief executive of Teekay Offshore, says the shuttle tanker and FPSO divisions benefited from lower costs.
