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(Image courtesy of McDermott)

McDermott announced 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.

The company expects to have the facility available for projects in early 2015.

The facility is located in Hartlepool, in northeast United Kingdom.

The Port of Hartlepool is a well-established working port with a history of fabrication for the oil and gas industry.

“This agreement for the spoolbase is an important milestone towards supporting McDermott’s re-entry into the North Sea market,” said Tony Duncan, executive vice president of Subsea.