McDermott signs agreement for North Sea spoolbase
McDermott International, Inc. has announced that one of its subsidiaries has signed an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea. McDermott expects to have the facility available for projects in early 2015.
Located in Hartlepool, in northeast United Kingdom, the spoolbase is expected to support McDermott’s re-entry into the North Sea Reel-Lay market. The Port of Hartlepool is a well-established working port with a history of fabrication for the oil and gas industry and has excellent access from harbor to the open sea.
“This agreement for the spoolbase is an important milestone towards supporting McDermott’s re-entry into the North Sea market,” said Tony Duncan, Executive Vice President, Subsea.
“We look to combine the prime location of the Hartlepool spoolbase for quick access to project sites with McDermott’s high standards, and high-performance Reel-Lay capabilities provided by our Lay Vessel North Ocean 105. We are firmly committed to meeting our clients’ needs in the region.”
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/22042014/mcdermott_signs_agreement_for_north_sea_spoolbase/
You might also like
The World Pipelines Podcast
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP’s global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Listen for free today at www.worldpipelines.com/podcasts or subscribe and review on your favourite podcast app.
T.D. Williamson announces strategic investment from Apollo Funds
T.D. Williamson (TDW), a global leader in pipeline infrastructure technology and services, have announced a strategic investment from funds managed by Apollo.
