Now, after several years of working with KOTUG to establish this business, Teekay will exit KTM to focus on its Australian ship management,
crewing and consultancy businesses.
There are no contracts in place currently that would result in any Offset Amounts
being generated and neither Petrobras nor Teekay Offshore have any obligation to enter into such contracts and furthermore,
there is no obligation to hold any of the designated assets as available for charter by Petrobras.