Lamprell to Deliver 2 Additional Rigs for NDC

November 12, 2014

NDC Chief ExecutiveOfficer, Abdalla Saeed Al Suwaidi, and Lamprell Chief Executive Officer, Jim Moffat, shake hands after signing the contract award for two further high specification jackup drilling rigs which NDC awarded to Lamprell
NDC Chief ExecutiveOfficer, Abdalla Saeed Al Suwaidi, and Lamprell Chief Executive Officer, Jim Moffat, after the signing of the two further high specification jackup drilling rigs which NDC awarded to Lamprell
NDC Chief ExecutiveOfficer, Abdalla Saeed Al Suwaidi, and Lamprell Chief Executive Officer, Jim Moffat, shake hands after signing the contract award for two further high specification jackup drilling rigs which NDC awarded to Lamprell
NDC Chief ExecutiveOfficer, Abdalla Saeed Al Suwaidi, and Lamprell Chief Executive Officer, Jim Moffat, after the signing of the two further high specification jackup drilling rigs which NDC awarded to Lamprell

Lamprell received a new contract award valued at approximately $365 million from National Drilling Company (NDC) for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class.

Lamprell was previously awarded contracts by NDC for a series of six identical rigs and is on schedule to complete construction of the final two jackup rigs, having already delivered the first four on time and on budget. As with the units under construction, these newly-ordered rigs will be completely outfitted, LeTourneau-designed, self-elevating Mobile Offshore Drilling Units of a Super 116E Class design with a rated drilling depth of 30,000 feet.

The rigs will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with planned delivery dates in Q4 2016 and Q2 2017, respectively. Under the contract terms, NDC also has the right to exercise options for Lamprell to build up to an additional three jackup rigs of the same design.
 

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