Lamprell plc New Contract Award (8996D)
02 Novembre 2020 - 08:00AM
UK Regulatory
TIDMLAM
RNS Number : 8996D
Lamprell plc
02 November 2020
2 November 2020
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
NEW CONTRACT AWARD
Lamprell awarded engineering project by IMI
Lamprell is pleased to announce that it has been awarded a
medium-sized* contract by International Maritime Industries (IMI)
to undertake engineering design services.
Starting immediately and extending over the next three years,
the work will be undertaken in two parts: an initial phase
incorporating full detailed design engineering, followed by the
production design phase.
This work forms an integral part of IMI's 2030 new build rig
programme; supporting the strategy for establishing itself as a
fully autonomous in-Kingdom yard facility servicing clients in the
maritime sector including maintenance, repair, overhaul and
newbuild rigs and ships.
Christopher McDonald, CEO, Lamprell said: "Working closely with
our IMI partners, we are delighted to be starting this key piece of
engineering work. It complements and builds on the two jackup rigs
we were awarded at the beginning of the year. Also, it further
expands our remit for being able to welcome Saudi nationals into
our facilities as part of supporting IMI's local capacity building.
When completed, the maritime yard in Saudi Arabia will become a
major contributor to the local economy and we are proud to be
associated with such a strategic vision."
- Ends -
Enquiries:
Lamprell plc
Maria Babkina, Investor Relations +44 (0) 7852 618 046
Tulchan Communications, London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
Notes to editors
Lamprell, based in the United Arab Emirates ("UAE") and with
over 40 years' experience, is a leading provider of fabrication,
engineering and contracting services to the offshore and onshore
oil & gas and renewable energy industries. The Group has
established leading market positions in the fabrication of
shallow-water drilling jackup rigs, liftboats, land rigs, and rig
refurbishment projects, and it also has an international reputation
for building complex offshore and onshore process modules and fixed
platforms.
Lamprell employs more than 4,000 people across multiple
facilities, with its primary facilities located in Hamriyah, in the
UAE. Combined, the Group's facilities cover approximately 800,000m2
with over 1.5 km of quayside. In addition, the Group has facilities
in Saudi Arabia (through a joint venture agreement).
Lamprell is listed on the London Stock Exchange (symbol
"LAM").
*(Lamprell defines a "medium-sized contract" as between USD 6
million and USD 50 million)
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END
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