Proposals for Marine and Spool Base developments in Fermeuse Harbour is hoping to bring hundreds of new jobs to the region.
The energy project would see 250 specialized service jobs, along with up to 200 short term construction jobs during the two year building process.
Swapan Kataria, President of Fermeuse Energy Limited, says the expansion of a large spool base can help grow the energy industry and secure jobs in Newfoundland and Labrador.
The large spool base proposed for the area would support further development of subsea pipelines and flowlines for oil and gas fields.
The Fermeuse Harbour was selected for the project due to its location and capabilities to handle large vessels and drilling rigs.