Lamprell announces contract awards worth $52m

Other stories:Oil industry giants: ADNOC | Oil industry giants: Saudi Aramco | Top 10 MENA Region mega projects | Top 10 billion dollar oil deals of the summer | 2009's winners and losers in the oil industry | 10 events in oil's history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | Top 10 National Oil Companies by production | World's 10 largest oilfield services companies | World's 10 largest oil and gas contractors

UAE-based engineering services provider Lamprell has announced that it has been awarded contracts from three of its key clients worth a total of US$52 million.

The first contract will be carried out for Italian oilfield services company Saipem. Saipem awarded Lamprell a $18.1 million contract for the construction of six process modules, pipe-rack sections and interconnecting pipe spools for the Aquila Phase 2 Floating Production, Storage and Offloading (“FPSO”) Project.

“The contract with Saipem is our first FPSO award since July 2008 and reinforces the confidence we have in the long-term viability of the offshore construction market both for fixed and floating structures,” Nigel McCue, CEO of Lamprell said.

Noble International also awarded Lamprell a $20.4 million award for the fabrication and installation of three 309 feet legs for the David Tinsley jackup drilling unit, in addition to general refurbishment and upgrade works already underway to repair the hull, leg wells and jacking houses. Work is due to be completed by the end of July 2010.

Story continues below

Advertisement

FEATURED COMMENT Please click here to comment on this article

Swiss-based oilfield services company Transocean has awarded Lamprell the contract for the upgrade and refurbishment of the Key Manhattan jackup drilling unit. This project will be undertaken in Croatia is worth $13.4 million. The scope of works includes extensive steel renewals and associated painting works, structural repairs to the cantilever and derrick, and the replacement of hull piping systems. The work will commence during September 2009 and is scheduled for completion in December 2009.

“We are particularly encouraged to be involved in the offsite project with Transocean, which reflects a developing area of business for Lamprell,” McCue said.

“We are confident that Lamprell will continue to meet and exceed the expectations of its clients.”