SSP ANNOUNCES ABS APPROVAL-IN-PRINCIPLE AND NORTH SEA ACHILLES APPROVAL

HOUSTON, TX, Feb. 8 /CNW/ - SSP Offshore Inc. ("SSP Offshore") today announced that it had received formal Approval-In-Principle from the American Bureau of Shipping ("ABS") with respect to both its SSP Base and SSP Plus floating platform designs.  ABS confirmed that the SSP designs fully qualify for classification as ABS +A1 Floating Offshore Installations.

Paul Illingworth, CEO of SSP Offshore, advised that "achievement of ABS Approval-In-Principle is a major milestone in our ongoing efforts to bring the SSP platforms into the market in the near future.  It is our intention now to continue these efforts to attain full design approval in the near term."

SSP Offshore further announced that it received notification of qualification by its subsidiary, SSP Offshore (USA) Inc., as an approved supplier by the Achilles Joint Industry Qualification organization.  Mr. Illingworth further stated that "Achilles approval is a necessary precondition for participation in prospective Norwegian sector North Sea projects.  Over the past few months, we have identified a number of prospects in this area suitable for the application of SSP floating platform technology and the Achilles approval is an important step in our goal to be a supplier of floating production platforms in the North Sea."

About SSP Offshore Inc.

SSP Offshore is a public company listed under the symbol "SSZ" on the TSX Venture Exchange. The Corporation 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.

Certain statements contained herein constitute forward-looking statements. Although the company believes the statements are reasonable, it can give no assurance that such expectations will prove to be correct. The company cautions investors that any forward-looking statements made by the company are not guarantees of the future performance, and that the actual results may differ materially from those in the forward-looking statements as a result of various factors.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE SSP Offshore Inc.

For further information:

L. Daniel Wilson, President, at (403) 358-1110 (phone) or dwilson@sspoffshore.com.

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SSP Offshore Inc.

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