30 September 2016
("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.
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