New Joint Venture Global SSP

Monday, July 06, 2009

SSP Offshore Inc. of Houston, TX has entered into an agreement with Dubai-based Global Process Systems Inc. (GPS) to form Global SSP, a 50/50 joint venture. The new JV, based in Singapore, will focus on commercializing the proprietary SSP platform, a round floater designed to provide the deck space required for storage, processing, offloading and drilling. Global SSP will have exclusive rights under license to market, build, lease, and sell the SSP platform in Southeast Asia, the Middle East, Australia and New Zealand, and the Caspian offshore areas. “The alliance with GPS marks a major step in the commercialization of the SSP platform,” said Dan Wilson, Acting CEO of SSP Offshore.

 


Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

 
 
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