Teekay Offshore Partners' (TOO) CEO Ingvild Sæther on Q1 2017 Results - Earnings Call Transcript

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Teekay Offshore Partners L.P. (NYSE:TOO) Q1 2017 Earnings Conference Call May 18, 2017 12:00 PM ET

Executives

Ingvild Sæther - President and Chief Executive Officer

Ryan Hamilton - Investor Relations

David Wong - Chief Financial Officer

Kenneth Hvid - President and CEO, Teekay Corporation

Vince Lok - Chief Financial Officer, Teekay Corporation

Analysts

Michael Webber - Wells Fargo

Spiro Dounis - UBS Securities

Fotis Giannakoulis - Morgan Stanley

Ben Brownlow - Raymond James

Andy Gupta - Hite Hedge

Operator

Good day. and welcome to Teekay Offshore Partners' First Quarter 2017 Earnings Conference Call. During the call, all participants will be in a listen-only mode. Afterwards, you will be invited to participate in the 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 Web site at www.teekayoffshore.com, where you will find a copy of the first quarter 2017 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 first quarter 2017 earnings release and earnings presentation available on our Web site.

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 first quarter 2017 investor conference call. I'm joined today by David Wong, the CFO of Teekay Offshore Group as well as Kenneth

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