| Type | Public |
|---|---|
| Industry | Petroleum |
| Founded | 1998 |
| Headquarters | Trondheim, Norway |
| Key people | Peter Lytzen (CEO) |
| Products | Floating Production Storage and Offloading |
| Revenue | USD 277.4 million (2006) |
| Employees | 512 (2006) |
| Website | http://www.teekay.com/ |
Teekay Petrojarl (OSE: PETRO) 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.
| 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 |
| Siri | Brasil | Petrojarl Cidade de Rio das Ostras | Petrobras |
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.
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.