Teekay Petrojarl was the largest

Floating Production Storage and Offloading A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive h ...

(FPSO) operator in the

North Sea The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian S ...

with a daily production of 339,000

barrels of oil A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units ...

per day and a storage capacity of of

crude oil Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

. Teekay Petrojarl operated five FPSO vessels, two

shuttle tanker A shuttle tanker is a ship designed for oil transport from an off-shore oil field as an alternative to constructing oil pipelines. It is equipped with off-loading equipment compatible with the oil field in question. This normally consists of a tau ...

s and one storage tanker. It was owned by

Teekay Teekay specialise in shipping crude oil. History Teekay was founded in 1973 by Torben Karlshoej, then a 31 year old Danish ship broker who had emigrated to the United States at the age of 20 and mostly worked on farms. The company was named "TK ...

, a large operator of tankers until purchased by

Brookfield Asset Management Brookfield Asset Management Inc. is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct contr ...

, becoming

Altera Infrastructure Altera Corporation was a manufacturer of programmable logic devices (PLDs) headquartered in San Jose, California. It was founded in 1983 and acquired by Intel in 2015. The main product lines from Altera were the flagship Stratix series, mid-rang ...

Operations

History

Teekay Petrojarl started off as Golar Nor Offshore and was part of

Petroleum Geo-Services PGS (Petroleum Geo-Services) is a technologically focused oilfield service company involved in providing geophysical services worldwide. Its seismic service offerings help oil companies find oil and gas reserves offshore. Product offerings span ...

(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 Teekay Petrojarl was the largest Floating Production Storage and Offloading (FPSO) operator in the North Sea with a daily production of 339,000 barrels of oil A barrel is one of several units of volume applied in various contexts; there are d ...

by the Polish

Remontowa S.A. Remontowa (full name: Gdańska Stocznia "Remontowa" im. J. Piłsudskiego S.A.) is a company and shipyard in Gdańsk, Poland. The yard specialises in ship repair and conversions. ''Remontowa S.''A. is one of 26 companies that make up the Remontowa ...

Petrojarl ASA was demerged from Petroleum Geo-Services in 2006 and listed on

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

in June.

acquired majority ownership in December and Petrojarl ASA became Teekay Petrojarl ASA.

External links

Teekay Petrojarl web site

Petroleum Geo-Services web site

Petroleum Geo-Services 2005 Annual Report
{{Authority control Oil companies of Norway Companies based in Trondheim Floating production storage and offloading vessel operators