1 Nov 2011 07:00
1 November 2011
LAMPRELL PLC
("Lamprell" or the "Company")
CONTRACT AWARDS
Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil and gas and renewables industry, is delighted to announce that it has been awarded two new construction contracts by Nexen Petroleum U.K. Limited in relation to the Golden Eagle Development in the UK North Sea, with a total contract value in excess of USD 200 million.
The first contract comprises a two level Wellhead (W) Deck, measuring approximately 50 metres by 50 metres and weighing approximately 4,000 tonnes. The W Deck will be constructed at Lamprell's Jebel Ali yard, and is scheduled for completion in Q2 2013.
The second contract is for a three level Production, Utilities and Quarters (PUQ) Deck, measuring 85 metres by 40 metres, and weighing approximately 10,000 tonnes. The PUQ Deck will also be constructed at Lamprell's Jebel Ali facility and is scheduled for completion in Q2 2014.
Commenting on the awards, Nigel McCue, Chief Executive Officer, said:
"Lamprell is delighted to announce these significant new contract wins and looks forward to working with Nexen on the successful delivery of these key projects. With these awards Lamprell now enjoys order book visibility extending into Q2 2014, whilst remaining active with existing contracts and a strong bid pipeline."
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Enquiries:
Lamprell plc | +44 (0) 207 920 2347 |
Jonathan Silver, Chairman Nigel McCue, Chief Executive Officer Jonathan Cooper, Chief Financial Officer | |
M:Communications, London | |
Patrick d'Ancona | +44 (0) 207 920 2347 |
Andrew Benbow | +44 (0) 207 920 2344 |
Notes to editors
Lamprell, based in the UAE, has played a prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, and is the regional market leader in the rig market, providing specialised services to the on and offshore oil and gas industry.
·; Lamprell employs over 11,000 people across six facilities, with primary facilities in Hamriyah, Sharjah, and Jebel Ali, all of which are in the UAE, and in Saudi Arabia.
·; The principal markets in which Lamprell operates, and the principal services it provides, are:
o Engineering, procurement and construction of jackup rigs, liftboats and drilling related equipment;
o Upgrade and refurbishment of offshore jackup rigs;
o New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading systems and other offshore and onshore structures;
o Onshore fabrication and downstream process facilities, and
o Oilfield engineering services, including the upgrade, refurbishment and new building of land rigs.