Lamprell PLC - Hamriyah, United Arab Emirates-based provider of oil field services - Working with "international rig operator" for key upgrade work on three jack-up drilling rigs for deployment in Gulf region. "The first of the rigs will arrive at Lamprell's Hamriyah quayside this month and work will begin immediately. The second and third rigs will follow later," Lamprell says. Contracts is defined as "small", meaning value is below USD50 million.
Current stock price: 28.11 pence, up 3.7% on Tuesday
12-month change: down 57%
By Eric Cunha; ericcunha@alliancenews.com
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