(Adds details, share movement)
Jan 12 (Reuters) - Rig-maker Lamprell Plc said theslump in oil prices hurt its ability to secure new business, andthat it expected its revenue for this year would be about 10percent below current expectations.
Shares in the British company fell as much as 15 percent onthe London Stock Exchange on Monday.
Lamprell said its financial performance for the year wouldbe heavily weighted toward the second half.
The reduction in capital expenditure by oil and gasoperators globally due to the slump in oil prices will hurt itsbid pipeline, Lamprell said.
"We anticipate intense competition with a large number ofplayers chasing fewer projects, leading to increased pressure onmargins," it said in a statement.
Lamprell's 2015 revenue consists mostly of existing tenders,which include a $365 million contract to build two jackupdrilling rigs for Abu Dhabi's National Drilling Co.
"While short-term tendering activity will continue at a pacerequired to meet current demand, our ability to carry on winningnew business is contingent on the state of the broaderindustry," Lamprell said.
Lamprell shares were down 12.4 percent at 98.50 pence at0845 GMT. (Reporting by Abhiram Nandakumar and Mamidipudi Soumithri inBengaluru; Editing by Gopakumar Warrier)
