Rig project bonanza for Teesside
SeaDragon Offshore, a newly formed company, plans to float on the London Stock Exchange next year to raise funds for a $1.5bn drilling rig construction project. SeaDragon intends to build three semi-submersible rigs worth $500m each in Teesside, with the hulls to be bought from Russia's Sevmarsh shipyard. The project ...
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