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250 new jobs are being created in Hartlepool.
The engineering company Heerema is expanding its workforce to continue building four giant offshore platforms.
It says more jobs will be created in the supply chain.
But one MP has warned that it's too early to say that the economy is recovering.
Iain Wright, MP for Hartlepool said: “I welcome the extra 250 jobs that have beencreated here.
“We need to ensure that the skills, supply chainand industrial capability we have continue to make Britain a leading player inthe world for this type of engineering and manufacturing.”
250 new jobs have been created by Heerema Fabrication Group at its yard near Hartlepool.
The news has been welcomed by Hartlepool MP and Shadow Minister for Industry Iain Wright.
The company is working on a contract for the Cygnus gas field development in the southern North Sea.
Cygnus represents an investment of £1.4billion by operator GDF SUEZ E&P UK and partners Centrica Energy and Bayerngas.
It is the largest southern gas basin discovery for 25 years and at peak will produce enough gas to meet the needs of 1.5million UK homes.
The Energy Minister has shown support after it was announced that jobs have been safeguarded in Hartlepool because of a major contract to extend the operation of seven UK nuclear power stations.
A major contract to continue work at seven UK nuclear power stations, including Hartlepool, has safeguarded 1,000 jobs.
Doosan Babcock's deal with EDF is expected to be worth £70 million.
Jobs have been safeguarded in Hartlepool after a major contract to extend the operation of seven UK nuclear power stations has been awarded.
1,000 jobs are being safeguarded altogether.
Doosan Babcock's deal with EDF is expected to be worth £70million a year over several years.