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 per day and a storage capacity of 1 million barrels (160,000 m3) of crude oil. Teekay Petrojarl operated five FPSO vessels, two shuttle tankers and one storage tanker. It was owned by Teekay, a large operator of tankers until purchased by Brookfield Asset Management, becoming .