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28 March 2024

Lamprell wins Dh1.34bn Abu Dhabi contract

Prolonged oil price slump would be very likely to lead to GCC public spending consolidation. (AFP)

Published
By Staff/Reuters

UAE-based Lamprell received a new contract worth about $365 million (Dh1.34 billion) from Abu Dhabi's National Drilling Co. (NDC) for two jackup drilling rigs.

National Drilling also has the right to exercise options for three more jackup rigs of the same design, Lamprell said in a statement. 

Lamprell has previously been awarded contracts by NDC for a series of six identical rigs and it’s on schedule to complete construction of the final two jackup rigs, having delivered the first four on time and on budget, the company said in a statement on its website.

As with the units under construction, these newly-ordered rigs will be completely outfitted, LeTourneau-designed, self-elevating Mobile Offshore Drilling Units of a Super 116E (Enhanced) Class design with a rated drilling depth of 30,000 feet.

The rigs will be constructed at Lamprell's facility in Hamriyah, UAE, with planned delivery dates in Q4 2016 and Q2 2017, respectively.

“With this latest contract win, Lamprell has been awarded a total of six firm jackup rigs in 2014,” said James Moffat, CEO of Lamprell.