SSP Offshore Unveils SSP12000 Ultra-Deepwater Drilling Unit

HOUSTON, Sept. 19, 2013 /CNW/ - SSP Offshore Inc. ("SSP Offshore") today announced the introduction of its new offshore drilling platform designated as the "SSP12000".  The SSP12000 incorporates the exceptional motion characteristics of the existing SSP proprietary floating platform designs integrated with an industry leading drilling package targeted for the deepwater and ultra-deepwater drilling segments.

The SSP12000 has been designed to drill in water depths of 12,000 feet and offers variable deck load capacity in excess of 30,000 MT.  The joint development effort between SSP and a leading supplier of drilling packages is based around a dual derrick system with harsh environment capability and a fully-enclosed moonpool for safe and efficient operations.  The SSP12000 also offers full dynamic positioning capabilities.

Paul Illingworth, CEO of SSP, stated that "we believe that the SSP12000 offers a combination of features for the deepwater and ultra-deepwater drilling markets not currently available to the industry along with CAPEX and OPEX efficiencies that will fill an important niche in the market.  In addition to its obvious suitability for drilling in West African and Brazilian environments, we believe the SSP12000 offers an ideal solution for the harsher South China Sea, Gulf of Mexico and North Sea drilling markets including artic projects.   We intend to aggressively market this innovative new product to the offshore drilling industry in the upcoming months."

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 two formats: (i) SSP Base; and (ii) SSP Plus. Visit the company's website at www.sspoffshore.com for more information.

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Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain elements of this press release may contain forward-looking statements and include reference to managements' current expectation or belief in anticipated future events.  Investors are cautioned that any forward looking statements are subject to known and unknown risks and uncertainties, which may cause actual results to differ materially therefrom. 

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SOURCE: SSP Offshore Inc.

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