Lamprell Confirms $224M Contracts from Seajacks

Lamprell plc on Tuesday announced that its contracts from Seajacks International Limited for the construction of two harsh environment self propelled four legged jackup vessels have now come into effect following Seajacks' successful fund raising. The contracts were first announced on February 1, 2007.

Work on the projects will begin immediately. It is expected that the first unit will be delivered to Seajacks in early 2009, with the second unit following four months later.

"We are delighted to hear that these contracts have now come into effect," said David Moran, Lamprell's chief operating officer. "The prospect of being able to showcase our expertise and skills in the new build arena through these projects is very exciting and we look forward to working with Seajacks on this and future projects."

UAE-based Lamprell has played an increasingly prominent role in the development of the oil and gas industry in the Arabian Gulf for over 30 years, in later years providing specialized engineering services to the industry. The company's two primary facilities are in Port Khalid, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, both of which are in the UAE. The principal markets in which Lamprell operates, and the principal services it provides, are:

  • Upgrade and refurbishment of offshore jackup rigs;
  • New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading ("FPSO") systems and other offshore and onshore structures; and
  • Oilfield engineering services, including the upgrade and refurbishment of land rigs.

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