Rig maker Lamprell says debt restructuring on track

LONDON, May 17 (Reuters) - Oil rig maker Lamprell said it is on track to restructure its debt and agree revisedcovenants by the end of June, as the company recovers from a2012 loss.

The company said its performance for the year so far wasencouraging and in line with management expectations.

The Dubai-based company was stung last year after movinginto riskier areas such as wind turbine vessels, whereoperational difficulties led to a series of profit warnings.

The group's order book at the end of April 2013 was $1.2billion, with its bid pipeline at the same point in the order of$4 billion.