Lamprell Delivers First of Two Caspian Sea Rigs

UAE rig builder Lamprell reported Friday that it has completed and delivered the first of two Caspian Sea jack-up rigs to a client. The rig has been towed out from the Astrakhan re-assembly yard to begin operations in its first contract in the Caspian Sea.

Lamprell said it was also making good progress in relation to its second Caspian Sea rig, which is under way and expected to be delivered in 4Q 2014. The firm added that the first two module shipments have already been transferred from its facility in Hamriyah to the Astrakhan yard as planned and on time.

Lamprell CEO James Moffat commented in a company statement:

"We are pleased to have completed construction on the first of two jack-up rigs for use in the Caspian Sea region and to have delivered it to our client meeting our usual high build quality. The project has been highly complex as a result of the new approach for delivery, with modular fabrication, assembly and disassembly being undertaken in the group's Hamriyah facility, transfer to the Caspian Sea region and then re-assembly in a yard in Astrakhan.

"The successful delivery has only been possible as a result of the dedication and the close collaboration of Lamprell and the client teams."

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