UAE-headquartered Lamprell has announced that it has received a letter of intent from International Maritime Industries (IMI), the Saudi maritime joint venture in which it is a partner, confirming the planned award to Lamprell of a contract for the construction and delivery of two jackup drilling units. The rigs will be built collaboratively by IMI and Lamprell for delivery to IMI’s end client.
There are ongoing discussions between the yet unnamed end client, IMI and Lamprell to finalise the specifications and contract terms. Once these have been determined, a final contract for the rigs will be signed.
The rigs will be built according to the stringent Schedule G requirements for operations in Saudi Arabian waters. Lamprell will undertake most of the fabrication work for both jackup rigs at its Hamriyah yard, in the United Arab Emirates, while maximising the amount of work carried out in Saudi Arabia. IMI is expected to carry out approximately 15% of the scope of work under the terms of the provisional contract.
Christopher McDonald, chief executive, Lamprell, said: “This is a significant step forward for the Saudi maritime yard and is a further demonstration of the importance of the Saudi Arabian market to our strategic aspirations. The developing relationship between IMI and Lamprell will continue to be enhanced as we construct these rigs and we are excited by the opportunity to collaborate with them on such an innovative and important project.”