Teekay Petrojarl

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Teekay Petrojarl
Public
Traded as (OSE: PETRO)
Industry Petroleum
Founded 1974 (Golar Nor Offshore)
Headquarters Trondheim, Norway
Key people
Peter Lytzen (CEO)
Products Floating Production Storage and Offloading
Number of employees
ca.1,000 (2012)
Parent Teekay Corporation (TK)
Website http://www.teekay.com/

Teekay Petrojarl is the largest Floating Production Storage and Offloading (FPSO) operator in the North Sea with a daily production of 339,000 barrels of oil per day and a storage capacity of 1 million barrels (160,000 m3) of crude oil. Teekay Petrojarl operates five FPSO vessels, two shuttle tankers and one storage tanker.

Operations[edit]

Petrojarl Banff at Blohm + Voss shipbuilding works in Hamburg 2013
Oil Field Country Ship Operator
Glitne Norway Petrojarl I StatoilHydro
Varg Norway Petrojarl Varg Talisman Energy
Foinaven United Kingdom Petrojarl Foinaven BP
Banff United Kingdom Petrojarl Banff Canadian Natural Resources
Chestnut United Kingdom Hummingbird Spirit Centrica
Huntington United Kingdom Voyageur Spirit E.ON
Espadarte Brasil Petrojarl Cidade de Rio das Ostras Petrobras
Tiro e Sidon Brasil Cidade de Itajai Petrobras
Piranema oil field Brasil Piranema Spirit Petrobras
Bacia de Campos Brasil Arendal Spirit Petrobras

History[edit]

Teekay Petrojarl started off as Golar Nor Offshore and was part of Petroleum Geo-Services (PGS) in 1998 when it acquired Golar-Nor and two FPSO vessels, Petrojarl I and Petrojarl Foinaven. Within a year two more vessels were delivered Petrojarl Banff and Petrojarl Varg. In 2005 the company acquired the shuttle tanker Rita Knutsen with possibilities for FPSO conversion. In 2007, the Russian tanker Che Guevara was converted into FPSO Petrojarl Cidade de Rio das Ostras by the Polish Remontowa S.A..

Petrojarl ASA was demerged from Petroleum Geo-Services in 2006 and listed on Oslo Stock Exchange in June. Teekay acquired majority ownership in December and Petrojarl ASA became Teekay Petrojarl ASA.

External links[edit]