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Lamprell Receives a $227m Jack-Up Contract

Source: www.gulfoilandgas.com 5/1/2012, Location: Middle East

Lamprell, a leading provider of diversified engineering and contracting products and services to the onshore and offshore oil & gas and renewables industry, is pleased to announce that it has received a US$ 227 million new contract award from an international drilling contractor for the construction of a jackup rig.

The contract is for the construction and delivery of a completely outfitted and equipped, LeTourneau designed, self-elevating Mobile Offshore Drilling Platform of a Super 116E (Enhanced) Class design, valued at US$ 227 million. The rig is designed to operate in water depths of up to 350 feet and will have a rated drilling depth of 30,000 feet. Fabrication will take place at Lamprell’s Hamriyah yard. The project is planned to be completed in Q4 2014.

Nigel McCue, Chief Executive Officer, Lamprell commented: “It is with great pleasure that we announce today a contract award from a highly valued customer for the construction of a Super 116E jackup rig. This further evidences the sustained demand for these rigs and the confidence in Lamprell’s ability to deliver a quality product with a strong commitment to customer service.”

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