Bucharest, Romania, October 26th 2017

Holding OOS International Group B.V. (OOS International) confirmed today that it has signed a cooperation agreement with GSP Offshore B.V. (GSP), a member company of GSP Holding, with the intention to establish a long-term strategic partnership to jointly pursue large international offshore projects mainly within the Russian region.

OOS International and GSP have identified that their complementary areas of expertise may be combined to enable a more efficient way of delivering projects. Both parties wish to establish a collaborative working relationship, with the shared purpose to deliver a number of key prospects together for various clients.

“We are very pleased to enter into this strategic cooperation with GSP, a respectable company, and to strengthen our ties within the Russian region. During a visit at the premises of GSP it became clear that they are ready for the next step to be taken within this industry. A strong partner enables OOS International to address new growth opportunities especially within the Russian area,” said Mr. Léon Overdulve, Chairman of the Board and CEO of OOS International.

Mr. Gabriel Comanescu, representing GSP, and Mr. Léon Overdulve, representing OOS International, signed the cooperation agreement under a ceremony held in Bucharest.

“This partnership opens up new models for developing offshore and onshore projects. The first cooperation project has already been identified and is under evaluation. We see attractive market opportunities where we, in collaboration with OOS International, can deliver cost-effective solutions to our clients in the oil and gas sector,” said Mr. Gabriel Comanescu, President and CEO of GSP Holding.

GSP Holding and its affiliates are a diversified group of companies providing a wide range of services supporting the oil & gas industry: offshore drilling, offshore construction, shipping, shipyards, aviation, engineering, logistics, catering and training. Read more about GSP on www.gspholding.com.

OOS International and its affiliates offer a wide range of highly qualified services, heavy lifting, accommodation, decommissioning and other essential services, to the offshore market. Learn more about the company and excellent services on www.oosinternational.com.

For further information about this press release, please contact the Communications Department of OOS International: Communications@oosinternational.com.