The Cidade de Itajai is owned and operated by Teekay and Odebrecht Oil & Gas in a 50/50 Joint Venture and is the third FPSO introduced into the Brazil offshore market by Teekay and its publicly traded subsidiary, Teekay Offshore Partners L.P. (Teekay Offshore). The Cidade de Itajai FPSO has a storage capacity of 650,000 barrels, a processing capacity of 80,000 barrels of oil per day (bopd) and compression capacity of 2 million cubic meters of natural gas per day. The Cidade de Itajai FPSO conversion took place at Sembcorp Marine's Jurong Shipyard in Singapore.