McDermott signs agreement for North Sea spoolbase

April 17, 2014

McDermott International Inc. reports 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.

Offshore staff

HOUSTON–McDermott International Inc. reports 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.

Located in Hartlepool, UK, the spoolbase is expected to support McDermott’s re-entry into the North Sea reel-lay market.

“This agreement for the spoolbase is an important milestone toward 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 vesselNorth Ocean 105.”

04/17/2014