Altera Infrastructure L.P. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020

Altera Infrastructure LP, formerly Teekay Offshore Partners L.P., is a energy infrastructure services provider primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers, floating production, storage and off-loading (or FPSO) units, floating storage and off-take (FSO) units, a unit for maintenance and safety (UMS) and long-distance towage and offshore installation vessels. The Company's segments include shuttle tanker segment, FPSO segment, FSO segment, Towage and UMS segment. The Company's fleet consists of approximately 32 shuttle tankers, including over two chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over seven FPSO units, approximately five FSO units, over 10 long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.