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Lamprell $333.3m contract options exercised
Wednesday, 25th April 2012
Abu Dhabi's National Drilling Company has exercised options for Lamprell to build a further two jack-up rigs in addition to the four currently under construction.These additional rigs - which will cost $166.65m each - will be completely outfitted and equipped, LeTourneau designed, self-elevating Mobile Offshore Drilling Platforms of a Super 116E (Enhanced) Class design.
The rigs consist of triangular hulls and three 310 foot truss type legs per rig, each leg with an electro-mechanical rack and pinion elevating system, which will allow drilling in depths of up to 200 feet of water with a rated drilling depth of 30,000 feet.
Deliveries are scheduled to be in Q4 2014 and Q1 2015 respectively.
The work will be performed at Lamprell's Hamriyah facility.
At 8:45am: (LON:LAM) share price was +20p at 342.6p
Story provided by StockMarketWire.com
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