Dragon Is Set to Roar ; Offshore Chief's Delight at Shipyard Offer

Evening Gazette › June 12, 2008

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Summary

A LOCAL offshore industry chief has welcomed news that a Teesside shipyard is set to benefit from a pounds 800m cash injection.

Mumbai-based Great Offshore has submitted a formal offer to purchase a 75% stake in SeaDragon Offshore Limited, the Cayman Islands company which has commissioned a pounds 150m project to deliver two state-of-the-art drilling rigs at Haverton Hill.

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Extract

Dragon Is Set to Roar ; Offshore Chief's Delight at Shipyard Offer

David Eason, chief executive of Tees Alliance Group - which is building the rigs - said the investment would generate opportunities for the local supply ch...

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