Teekay Corp is creeping nearer to its exit from the floating production, storage and offloading segment and has shed nearly all of its debt.

The company said it has sold the 27,600-gt Sevan Hummingbird (built 2007) to a third party in a deal that will close in this quarter, and the 43,300-gt Petrojarl Foinaven (built 1998) will head to shipbreakers this summer.

These are the company’s last two FPSOs after the 18,500-gt Petrojarl Banff (built 1998) was