David Wong will step down from his position as chief financial officer of Teekay Offshore Group to begin a new opportunity outside of the company.

Wong will stay in with the partnership until August to help with the transition while a search for his replacement is conducted, Teekay Offshore Group said.

Chief executive Ingvild Saether said: "On behalf of our board and leadership team, I want to thank David for his service and dedication to Teekay Offshore and his efforts during the Partnership’s transition from project execution, in a challenging market environment, to now as we begin generating cash flows from our recently-completed growth projects.”