HOUSTON, TX,
Jan. 21, 2014 /CNW/ - SSP Offshore
Inc. ("SSP") today announced that it has entered into an agreement
with Bristow Group Inc. ("Bristow") to collaboratively pursue the
development and marketing of SSP's proprietary SSP HUB offshore
logistics platform internationally.
The SSP HUB is a design extension of SSP's line
of SSP® floating platforms that offers a new methodology for
long-distance transport of offshore personnel to and from offshore
oil and gas platforms using a combination of high-speed boats and
infield helicopter transport. Management SSP believes that
the unique features of the SSP HUB as an offshore logistics base
provide an opportunity for increased safety and economic efficiency
in high-volume personnel transport with respect to the recent
deepwater oil and gas prospects developments located further
offshore. In addition to personnel transport, the stability
and storage capacity of the SSP HUB can deliver a variety of
collateral value-enhancing service offerings to the offshore
industry including bulk fluid storage, parts and equipment
warehousing, search and rescue support, emergency lodgings, and
infield hospital facilities.
Under the agreement between the parties, Bristow
and SSP will each contribute their company's specific expertise to
collaboratively finalize specific design details and operational
protocols for the SSP HUB to maximize the efficiency of flight
operations, high-speed boat operations and on-platform personnel
lodging and logistics. The parties will also jointly market
the SSP HUB platform as a solution to prospective clients for
adoption in various international regions including Gulf of Mexico, West
Africa, Australia,
Southeast Asia and the North
Sea.
Bristow is a leading international provider of
offshore helicopter services to the oil and gas industry. The
agreement with SSP provides Bristow with specific long-term
exclusivity rights in terms of being the provider-of-choice for the
delivery of infield helicopter transport services to and from the
SSP HUB. As consideration for the granting of such rights,
Bristow has agreed to make an exclusivity fee payment to SSP.
Paul Illingworth,
CEO of SSP, stated that "SSP is extremely pleased to welcome
Bristow as a partner in the SSP HUB development. We believe
that Bristow is the best in the world at providing offshore
helicopter services, and the fact that they have chosen to partner
with us certainly validates the effort and investment we have put
into maturing the SSP HUB design over the past couple of
years. Bristow brings significant expertise and commercial
contacts to the SSP HUB initiative, and we look forward to a long
and mutually-beneficial relationship with Bristow in bringing this
concept to the market."
SSP further announced that it has entered into a
separate collaboration agreement with Lider Aviação ("Lider"), a
Brazilian affiliate of Bristow, to jointly pursue commercialization
of the SSP HUB in Brazil with a
particular emphasis on the anticipated upcoming Petrobras logistics
hub tender. Lider is the leading provider of offshore
aviation services in Brazil and
will contribute its technical expertise to the SSP consortium that
is advancing the SSP HUB project in Brazil.
ABOUT SSP OFFSHORE INC.
SSP Offshore is a public company listed under
the symbol "SSZ" on the TSX Venture Exchange. SSP Offshore is
actively commercializing its proprietary SSP® FPSO platform design
in multiple formats for FPSO, deepwater drilling and logistics hub
applications. For more information, visit the company's website at
www.sspoffshore.com.
FORWARD-LOOKING STATEMENTS DISCLOSURE
Statements contained in this news release that
state SSP's management's intentions, hopes, beliefs, expectations
or predictions of the future are forward-looking statements.
These forward-looking statements include statements regarding
expected revenues, commencement dates, the impact of activity
levels, business performance, and market and industry
conditions. It is important to note that the actual results
of the relevant company could differ materially from those
projected in such forward-looking statements. Additional
information concerning factors that could cause actual results to
different materially from those in the forward-looking statements
is contained from time to time in SSP's SEDAR filings, including
but not limited to its MD&A and financial statements. SSP
Offshore Inc. disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
The TSXV has neither approved nor disapproved
of this press release.
SOURCE SSP Offshore Inc.