Damage assessment begins after SeaDragon blow

Mar 25 2009 By Jez Davison

The SeaDragon Saga:

November 2006: Tees Alliance Group chosen to undertake major drilling project at Haverton Hill’s iconic shipyard.

July 2007: SeaDragon secures deal with Mexican oil giant Pemex to lease the first oilrig at a cost of £50m over five years.

March 2008: Haverton Hill shipyard re-opens for business after 29 years.

Summer 2008: Scheme looks set to benefit from multi-million pound cash injection after Great Offshore offers to buy stake in SeaDragon - but deal is called off.

January 2009: Scheme put on hold after contract wrangle between TAG and SeaDragon.

February 2009: After SeaDragon terminates contract with TAG, Tyne Tees Rigs launches last-ditch rescue bid.

March 2009: TTR bid rejected by SeaDragon, which will make the rigs in Singapore.