NDC Orders Newbuild Jackup Rig from Lamprell

Lamprell announced that National Drilling Company (NDC) has exercised one of its existing options and awarded a contract to Lamprell for the construction and delivery of a high specification jackup drilling rig.

 

Lamprell has previously been awarded contracts by NDC for a series of eight rigs and this ninth rig will be of the same design.  The LeTourneau-designed, Super 116E (Enhanced) Class mobile offshore drilling unit will be constructed at Lamprell’s facility in Hamriyah, United Arab Emirates (UAE), with a planned delivery in Q2 2017.

 

As previously announced, NDC has further options for Lamprell (LAM.L) to build up to an additional two jackup rigs of the same design, which have been extended to 3Q 2015.  

 

"I am delighted to be able to announce this new award from NDC, thereby extending our ongoing relationship with our largest client by way of a ninth new build jackup rig in the series,” said Lamprell CEO, James Moffat. “This is particularly pleasing given the backdrop of a challenging market environment.”

 

Moffat added that Lamprell is now constructing a total of seven new rigs.