Lamprell plc, based in the United Arab Emirates and listed on London AIM (symbol: LAM) is a leading provider of specialist engineering services to the international oil & gas industry.
Work on the projects will begin immediately and it is expected that the first unit will be delivered to Seajacks in early 2009 with the second unit following four months later.
Commenting on the award of these contracts, David Moran, Chief Operating Offi-cer, Lamprell said: 'We are delighted to hear that these contracts have now come into effect. The prospect of being able to showcase our expertise and skills in the new build arena through these projects is very exciting and we look forward to working with Seajacks on this and future projects.'
Lamprell plc announces confirmation of USD 224M Seajacks contracts
Lamprell is pleased to announce that the contracts from Seajacks International Limited ('Seajacks'), for the construction of two harsh environment special purpose self propelled four legged jackup vessels, announced on 1 February, 2007, have now come into effect following Seajacks' successful fund raising.
- United Arab Emirates: Tuesday, February 13 - 2007 at 13:29
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Log in to request more information from LamprellNotes and media contacts
Enquiries:Lamprell plc. (+9716 528 2323)
Peter Whitbread, Chairman and Chief Executive Officer
David Moran, Chief Financial Officer and Chief Operating Officer
Citigate Dewe Rogerson, London (+44 207 638 9571)
Media enquiries: Martin Jackson/George Cazenove
Analyst enquiries: Nina Soon
• Lamprell, based in the UAE, has played an increasingly prominent role in the development of the oil & gas industry in the Arabian Gulf for over 30 years, in later years providing specialised engineering services to the industry.
• Lamprell's two primary facilities are in Port Khalid, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, both of which are in the UAE.
• The principal markets in which Lamprell operates, and the principal services it provides, are:
Upgrade and refurbishment of offshore jackup rigs;
New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading ('FPSO') systems and other offshore and onshore structures; and
Oilfield engineering services, including the upgrade and refurbishment of land rigs.
• Lamprell has grown strongly over the last four years, driven by buoyant conditions in the oil and gas industry and the increase in capacity with the opening of its facility in the Jebel Ali Free Zone in 2002.
• Lamprell joined AIM, a market operated by London Stock Exchange plc, on 16 October 2006.
Posted by Lara Lynn Golden, News EditorTuesday, February 13 - 2007 at 13:29 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Tuesday, May 01 - 2007
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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