UAE Shipyard Wins Offshore Rig Contract
Lamprell signs contract to build & equip a LeTourneau designed, self-elevating Mobile Offshore Drilling Platform.
The mobile platform is to a Super 116E (Enhanced) Class design, for operation in water depths of up to 350 feet and will have a rated drilling depth of 30,000 feet. Lamprell (LAM.L) will fabricate the jackup rig in its yard in Hamriyah. The construction phase of this project is expected to take approximately 18 months.
This is the second rig that Lamprell will construct for the Singapore-based Jindal Group. As part of the contract, Jindal has an option for Lamprell to build a further jackup rig, exercisable during a period of 6 months from the effective date of the contract.
Peter Whitbread, Chief Executive Officer, Lamprell, said: "We are delighted to be announcing a new contract win from Jindal for the construction of a Super 116E jackup rig. This is our second order from a highly valued customer and it further underlines both Lamprell's strong position within the market for jackup rigs as well as the continuing support of our existing customers. We have developed an excellent working relationship with Jindal and we look forward to delivering successfully on this crucial project."