Teekay Offshore Partners' (TOO) CEO Ingvild Sæther on Q4 2016 Results - Earnings Call Transcript

Feb. 23, 2017 6:30 PM ETTeekay Offshore Partners L.P. (TOO)
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Teekay Offshore Partners L.P. (NYSE:TOO) Q4 2016 Earnings Conference Call February 23, 2017 12:00 PM ET

Executives

Ryan Hamilton - IR

Ingvild Sæther - Teekay Offshore Group's President & Chief Executive Officer

David Wong - Teekay Offshore Group's CFO

Kenneth Hvid - Teekay Corporation's President & CEO

Vince Lok - Teekay Corporation's CFO

Analysts

Michael Webber - Wells Fargo

Spiro Dounis - UBS Security

Fotis Giannakoulis - Morgan Stanley

Espen Landmark - Fearnley

Ben Brownlow - Raymond James

Operator

Welcome to Teekay Offshore Partner's Fourth Quarter 2016 Earnings Results Conference Call. During the call, all participants will be in a listen-only mode. Afterwards you will be invited to participate in a question-and-answer session. [Operator Instructions] As a reminder this call is being recorded.

Now for opening remarks and introductions I would like to turn the call over to Ingvild Sæther, Teekay Offshore Group's President and Chief Executive Officer. Please go ahead.

Ryan Hamilton

Before Ms. Sæther begins, I would like to direct all participants to our website at www.teekayoffshore.com, where you will find a copy of the fourth quarter of 2016 earnings presentation. Ms. Sæther will review this presentation during today's conference call.

Please allow me to remind you that our discussion today contains forward-looking statements. Actual results may differ materially from results projected by those forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the fourth quarter 2016 earnings release and earnings presentation available on our website.

I will now turn the call over to Ms. Sæther to begin.

Ingvild Sæther

Thank you, Ryan. Hello, everyone, and thank you for joining us on our Fourth Quarter 2016 Investor Conference Call. I'm joined today by David Wong, the CFO at Teekay Offshore Group; as well as Kenneth Hvid, Teekay Corporation's President and CEO; and Vince

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