Battle over £300m SeaDragon contract
THE creation of hundreds of North East jobs is hanging in the balance after the company behind a £300m contract to build oil rigs said it was pulling out of the region.
SeaDragon Offshore agreed two years ago to have the rigs built at the Haverton Hill shipyard in Billingham, and signed a contract with the Tees Alliance Group (TAG) of companies to complete the work.
The huge contract was expected to create up to 800 jobs in TAG, and many more in the supply chain.
Now SeaDragon says it is terminating the contract, and it is understood the company wants the rig construction work to be completed in Singapore instead.
But the head of TAG, David Eason, said yesterday there were no grounds for the contract being broken and he was seeking legal advice to keep the work in the North East.
For the full story, see tomorrow's Journal or Evening Gazette
Share
