Lamprell recieves $365 million jackup rig contract from NDC

Lamprell recieves $365 million jackup rig contract from NDC

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

Lamprell has previously been awarded contracts by NDC for a series of six identical rigs, and the company states that it is on schedule to complete construction of the final two jackup rigs, having 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 (Enhanced) Class design with a rated drilling depth of 30,000 ft.

 The rigs will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates, with planned delivery dates in fourth quarter of 2016 and second quarter of 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.