Jurong Shipyard has signed a sales and purchase agreement to acquire engineering firm SSP Offshore for $21m. The key assets of SSP Offshore include its flagship SSP Floater technology, a circular hull form which could be used for deepwater drilling, FPSO, FDPSO, FLNG, well test, early production and logistic hub applications, as well as customized for region-specific operating requirements, harsh environments, and arctic conditions.

via PennEnergy