Teekay Offshore Partners of Bermuda has struck a deal to acquire a floating production, storage and offloading unit (FPSO) from cash-strapped operator Sevan Marine for $165m.
New York-listed TOO says it expects to bankroll the purchase of the Sevan Piranema (built 2007), one of three Sevan FPSOs tied to Teekay Corp’s rescue package, through the private placement of around 7.1 million shares.
Proceeds
