Inactive Instrument

LAMPRELL

Equities

LAM

GB00B1CL5249

Lamprell : Delivery of Jackup Rig to Shelf Drilling

September 30, 2016 at 02:13 am EDT

30 September 2016

LAMPRELL PLC('Lamprell' or 'Company' and with its subsidiaries the 'Group')

DELIVERY OF JACKUP RIG TO SHELF DRILLING

Lamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the energy industry, is pleased to announce the completion of construction of the 'Shelf Chaopraya' jackup drilling rig and its delivery to Shelf Drilling Ltd. ('Shelf'). The rig will sail within the next few days for deployment by Shelf at its drilling location, offshore Thailand. The 'Shelf Chaopraya' has been designed according to the LeTourneau Super 116E (Enhanced) Class design and features high specification offshore drilling technology, as well as accommodation for up to 160 people. With this delivery, the Lamprell Group has now completed and delivered a total of 16 Super 116E new build jackup drilling rigs to our clients.

Commenting on the delivery, Jim Moffat, Chief Executive Officer, Lamprell, said:

'I am pleased to be marking the completion and delivery of this rig to Shelf. This is a busy period for the Group as this is the second major project that we have delivered in a matter of weeks. In light of this, our project team has performed very well to deliver this project to such high standards and as per the client's requirements. Lamprell is committed to a project execution philosophy which combines industry-leading quality and safety standards. We are proud that Shelf has chosen to partner with Lamprell for this key addition to their jackup fleet.'

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

- Ends -

Enquiries:

Lamprell plc
John Kennedy, Executive Chairman		+971 (0) 4 803 9308
James Moffat, Chief Executive Officer		+971 (0) 4 803 9308
Tony Wright, Chief Financial Officer		+971 (0) 4 803 9308
Natalia Erikssen, Investor Relations		+44 (0) 7885 522989

Tulchan Communications, London	+44 (0) 207 353 4200
Martin Robinson
Martin Pengelley

Lamprell plc published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 September 2016 06:13:06 UTC.

Original documenthttp://otp.investis.com/clients/uk/lamprell1/rns/regulatory-story.aspx?cid=200&newsid=800767

Public permalinkhttp://www.publicnow.com/view/DE15C0AE34996E76880DE962B8B93512B3CADDA4

Latest news about LAMPRELL

Lamprell Joins Equipment Hound B2b E-Commerce Marketplace, Expanding Access to High-Quality Industrial Equipment	23-08-01	CI
TRADING UPDATES: Gunsynd invests; AQRU launches crypto-backed loans	22-10-25	AN
UK Engineering Group Lamprell's Listing Canceled From London Stock Exchange	22-10-25	MT
Al Gihaz Holding and Blofeld Investment Management agreed to acquire additional 28.819321% stake in Lamprell plc for £10.7 million on June 24, 2022.	22-10-24	CI
Lamprell Requests Listing Suspension After Failing To Publish Interim Results	22-10-03	MT
Lamprell plc(LSE:LAM) dropped from FTSE All-Share Index	22-09-19	CI
Lamprell Books Over $200 Million Contract To Build UK Offshore Wind Farm	22-09-08	MT
Lamprell Announces Contract Signed for Moray West Offshore Wind Farm	22-09-08	CI
Thunderball Investments' Buyout Bid for Lamprell Closes	22-09-05	MT
Takeover Offer for Engineering Services Group Lamprell Becomes Unconditional	22-08-26	MT
Earnings Flash (LAM.L) LAMPRELL Posts FY21 Revenue $388.8M	22-08-08	MT
Lamprell plc Reports Earnings Results for the Full Year Ended December 31, 2021	22-08-08	CI
Lamprell plc Auditor Raises 'Going Concern' Doubt	22-08-06	CI
Lamprell plc Announces Debt Facility Update	22-08-04	CI
Lamprell Climbs 9% On Takeover Proposal From Shareholders Blofeld, Al Gihaz	22-07-12	MT
Second Lamprell Shareholder Evaluating A Possible Bid	22-07-01	CI
Al Gihaz CEO Confirms Evaluation Of Possible Takeover Offer For Lamprell	22-07-01	MT
Lamprell Evaluating Takeover Proposal From Shareholder Blofeld Investment Management	22-06-24	MT
Al Gihaz Holding and Blofeld Investment Management agreed to acquire remaining 54.820737% stake in Lamprell plc.	22-06-23	CI
Lamprell Joins NOV to Help Construct Three Offshore Floating Wind Farms in UK	22-04-11	MT
Lamprell plc Enters into Memorandum of Understanding with NOV	22-04-11	CI
Lamprell Enters Talks for Sale of Stake in Oil-And-Gas Arm	22-03-29	CI
Lamprell Delays 2021 Results In Pursuit Of Strategic Options, Potential Financing	22-03-29	MT
Lamprell Up 9% on Capacity Reservation Agreement For Moray West Offshore Wind Farm	22-03-22	MT
Lamprell Surges 11% With Expected Signing Of Bas Global Contract	22-02-18	MT

Chart LAMPRELL

Duration

Period

More charts

Company Profile

Lamprell Plc is an United Arab Emirates-based company, which provides fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Company operates through five segments: New Build Jackup Rigs segment is engaged in the building of drilling rigs and jackup liftboats; Offshore Platforms cover variety of offshore construction projects including complex living quarters, wellhead decks, topsides, parts for floating production storage and offloading and other offshore fixed facilities; Modules segment includes fabrication of packaged, pre-assembled, modularized units and accommodation modules, and process modules for onshore Liquefied Natural Gas and downstream modular construction projects; Oil & Gas Contracting Services include land rig services, rig refurbishment, engineering and construction services, as well as sunbelt safety services, and Services segment contains business from Operations & Maintenance and safety services.

Sector

More about the company