Lamprell Delivers Drilling Unit to NDC

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry, announces the completion of construction on a further jackup drilling rig, and its delivery to Abu Dhabi’s National Drilling Company (NDC), on time and on budget. 

The contract for this latest NDC rig was signed in October 2011 and this is the fourth rig in a series of six identical rigs being built and delivered by Lamprell to NDC. All six rigs have been or will be designed according to the Cameron LeTourneau Super 116E (Enhanced) Class design. The new rig has been delivered to the client 
following the delivery of the third drilling unit, “Qarnin”, in February of this year. The remaining two rigs for NDC are all proceeding on schedule and will be delivered as planned in late 2014/early 2015. 

This new rig for NDC is the ninth Super 116E jackup drilling unit that Lamprell has completed for various clients during the last six years. The jackup rig will be officially named, and completion will be marked, at a ceremony at Lamprell’s Hamriyah facility in the UAE towards the end of May, before departing for operations at its drilling 
location in Abu Dhabi. 

NDC Chief Executive Officer Mr. Abdalla Saeed Al Suwaidi commented: 

“NDC is committed to continuous improvement and sustainable growth. Significant achievements have been made during the expansion of our company fleet and the development and quality of our services. These improvements were made to meet the increased demand for drilling services and to strengthen our capability to perform all types of drilling operations with complete efficiency and competency. 

This new rig, similar to the previous three rigs already delivered by Lamprell, is a significant addition to NDC’s offshore rig fleet and will support our efforts in meeting our clients’ needs and expectations, now and in the future, by providing superior, competitive and quality services. 

I would like to express my appreciation to Lamprell for their efforts and commitment 
to HSE and Quality.”