UAE: Lamprell Wins Multiple Contracts for Jack-Up Rigs Upgrade and Refurbishment
- Business & Finance
Lamprell , a leading provider of specialist engineering services to the international oil & gas and renewables industry, announces that during the first four months of 2011 orders have been secured from multiple clients to undertake a number of jackup rig upgrade and refurbishment projects, with a combined contract value of approximately US$ 57 million.
These projects include contracts valued in aggregate at US$ 14.7 million for Nabors International Limited rigs “655” and “656” and at US$ 27.5 million for conversion works to the Rig „Burj‟, owned and operated by Burj LLC, part of the Millennium Offshore Services group. The Rig „Burj‟ is a multi-purpose jackup unit capable of operating in water depths of 330 feet which is to be converted into an accommodation platform for upwards of 250 personnel.
The work on these projects will be executed at Lamprell’s Sharjah and Hamriyah facilities.
Commenting on the announcement, Chief Executive Officer, Nigel McCue, said:
“We are pleased to announce these recent contract wins, demonstrating the renewed activity we are experiencing in the rig refurbishment and upgrade market and representing a strong improvement from the lower levels of expenditure experienced in the second half of 2010. We believe these awards reflect our strong reputation for quality and service.”
Source:Lamprell , May 3, 2011; :