Lamprell Delivers Hydra

Lamprell Plc. (LAM) has announced the completion of construction and delivery of the jack-up vessel “Hydra” to its client Seajacks.

The vessel will depart the facility shortly en route to its next destination in the North Sea. The “Hydra” is the fourth vessel that Lamprell has built for Seajacks, three of which were constructed to the GustoMSC NG2500X design with the fourth vessel based on the larger GustoMSC NG5500C design.

In a joint collaboration between Lamprell and Seajacks, the “Hydra” has undergone a substantial re-design resulting in an enhanced jacking system, an increase in persons on board from 90 to 100, an increase in main crane capacity from 300 tonnes to 400 tonnes, and improved automation and space management.

These vessels have been specifically designed to work in the harsh environment of the North Sea. Such jack up vessels are flexible and multipurpose, and are capable of working in both the offshore wind and the oil and gas sectors.

All Seajacks vessels comply with the stringent regulations required to operate in the North Sea environment.

The contract for the “Hydra” was signed in July 2012, and it is the sixth jack up vessel of its kind to be delivered by Lamprell in total.

Blair Ainslie, Chief Executive Officer, Seajacks, said: “I would like to congratulate Lamprell on their delivery of the “Hydra” ahead of schedule. In terms of quality she looks to be the finest, with superb facilities on-board for our crews and clients.“

Jim Moffat, Chief Executive Officer, Lamprell, said: “I am pleased to announce the delivery of the “Hydra” vessel to Seajacks, where our strong performance resulted in early completion of the construction phase to ensure a timely delivery.

I would like to thank Seajacks for the confidence that they have shown in Lamprell since the first contract award in 2007 and we look forward to working with them again on future projects.”

[mappress]
June 3, 2014