Lamprell Wins $33M in New Contracts

Lamprell Plc has won topside and process module fabrication contracts from Kanfa AS, DP Producer AS, and Scana AMT and jackup rig refurbishment contracts from Saipem (Portugal) Comercio Maritimo, Noble International Limited, Aban 7 Pte. Limited, and Nabors Drilling International Limited. The total value of these contracts is expected to exceed US$33.0 million.

Process modules for Kanfa AS

Lamprell has been awarded an initial contract of US$8.86 million for the procurement, fabrication and assembly of process modules for the Knock Allan conversion project by Kanfa AS for the Fred Olsen Production Knock Allan tanker. On completion the vessel will be installed as a Floating Production Storage & Offloading facility ("FPSO") offshore Gabon, West Africa and will provide process storage and offloading facilities for CNR International Limited on the Olowi field.

Process modules, quarters extension, and Dis-connectable Riser Buoy installation for DP Producer AS and Scana AMT

DP Producer AS and Scana AMT have collectively awarded Lamprell contracts valued at US$13.9 million for the fabrication of topside process modules, a quarters extension and a new technology Dis-connectable Riser Buoy ("DRB") designed by Scana for first use on DP Producer's Deep Producer dynamically positioned FPSO. Delivery is scheduled for the 4th quarter of 2007.

Jackup rig refurbishment

Lamprell has secured jackup rig refurbishment contracts valued cumulatively at US$5.7 million for the Saipem rig Perro Negro II, the Noble Drilling rig Kenneth Delaney and the Aban rig Aban VII. Lamprell also received an offshore rig upgrade award valued at US$4.25 million from Nabors Drilling International Limited for a comprehensive suite of modifications and repairs to its rig 145, now renamed the 867.

"We are very pleased to be able to announce these contract awards as they continue to demonstrate the wide spectrum of expertise we have at Lamprell and our ability to offer our clients improved engineering solution," said David Moran, Lamprell's Chief Operating Officer. "This year so far has been our most successful to date and we believe we can continue to deliver strong performance going forward."

Lamprell, based in the UAE, has played a role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialized services to the offshore oil and gas industry. Lamprell'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 FPSOs and other offshore and onshore structures; and oilfield engineering services, including the upgrade and refurbishment of land rigs.

Company: Noble Corporation more info
Manages 28 Offshore Rigs
 - Sembcorp Marine Delivers World's Largest Jackup Noble Lloyd Noble (Jul 18)
 - Oil Industry Maintains Country Club Culture During Downturn (May 23)
 - Freeport to Pay Noble $540 Million to Not Use 2 Oil Rigs (May 10)
Company: Saipem more info
Manages 12 Offshore Rigs
 - Sanction-Proof Oil Rig Beats US Policy From Cuba to Russia (Dec 19)
 - Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant (Sep 15)
 - Saipem to Build Pipelines for Kuwait Refinery Project (Aug 16)
Company: CNR International more info
Operates 3 Offshore Rigs
 - Petrofac Secures $400M of Repeat UK Orders (Jun 19)
 - Total Discovers Oil Offshore Ivory Coast (Apr 17)
 - Total, Anadarko, CNR To Spend Up To $300M On Ivory Coast Blocks (Nov 06)
Company: Aban Offshore more info
Manages 17 Offshore Rigs
 - Aban Offshore Bags $87M Contract to Provide Aban Abraham Drillship to ONGC (Jun 28)
 - Aban Offshore Inks Deal to Provide Aban II to ONGC for $50M (Oct 27)
 - Aban Offshore Clinches $182.7M Deals to Supply 2 Jackups to ONGC (Oct 13)
Company: Lamprell more info
 - Rig Builder Lamprell Sees Lower Revenue, To Tighten Purse Strings (Jan 23)
 - Lamprell Secures Services Contract with Jacktel AS (Sep 26)
 - Lamprell Expects Challenging Environment to Continue Through 2017 (Sep 22)
Company: Nabors Drilling more info
 - Robotics and Automation: The Oil, Gas Skillsets of the Future (Nov 15)
 - Nabors Rig Headed for EL1070 in Western Newfoundland (Dec 16)
 - Analysis: Saudi Aramco's Rig Appetite (Jun 23)
Company: Fred Olsen Production ASA more info
 - Fred. Olsen Semisub Wins BP Gig (Jun 08)
 - Lundin Opts for Additional Well with Bredford Dolphin Semisub (Feb 29)
 - Fred. Olsen Enters LOI for FPSO Offshore Vietnam (Dec 09)
Company: Scana AMT AS more info
 - Scana, FPSOcean Cancels Acquisition of FES (May 08)
 - Scana Wins Large Equipment Supply Contract (Jul 12)
 - Lamprell Wins $33M in New Contracts (Jun 01)
Company: Kanfa AS more info
 - Kanfa to Build LNG Production Topside for World's First FLNG Vessel (Jan 22)
 - Sevan's Subsidiary to Provide Topside for World's First FLNG Vessel (Jul 11)
 - Kanfa Aragon to Supply Gas Dehydration Systems to Apache's Forties Field (Sep 07)
Company: DP Producer AS more info
 - Lamprell Wins $33M in New Contracts (Jun 01)
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