Jurong Shipyard signs agreement to buy SSP Offshore

Jurong Shipyard Pte Ltd has signed a sales and purchase agreement with to acquire substantially all of SSP Offshore business assets.

Offshore staff

SINGAPORE – Sembcorp Marine’s wholly owned subsidiary Jurong Shipyard Pte Ltd has signed a sales and purchase agreement with to acquire substantially all of SSP Offshore business assets for $21 million.

SSP Offshore specializes in the design, engineering, and delivery of floating production and drilling solutions for the oil and gas industry.

The key assets of SSP Offshore include its flagshipSSP Floater technology – the circular hull form – and the company’s entire portfolio of proprietary SSP (Satellite Services Platform) solutions, including the SSP Driller for deepwater drilling, the SSP Plus FPSO for production and storage, and the SSP Hub for logistic hub applications.

The SSP base design can also be modified for FDPSO (floating, drilling, production, storage and offloading), floating LNG, well test, and early production applications, as well as customized for region-specific operating requirements, harsh environments, and arctic conditions.

09/10/2014

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