NDC Executes $333M Option for Additional Super 116E Jackups from Lamprell

Rig builder Lamprell announced today the receipt of a $333 million order for two, Super 116E (Enhanced) Class jackups from Abu Dhabi’s National Drilling Company (NDC).  This order is the result of an executed option for 2 rigs in addition to the four rigs currently under construction by Lamprell for NDC.

As with the existing rigs under construction, these additional rigs will be completely outfitted and equipped, LeTourneau designed, self-elevating Mobile Offshore Drilling Platforms of a Super 116E 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.

The work will be performed at Lamprell’s Hamriyah facility.

Nigel McCue, Chief Executive Officer, Lamprell commented:
“We are delighted to announce today the exercise by NDC of these options, and for the opportunity to further strengthen the relationship with this prestigious customer. This is another significant contract award, demonstrating the health of the market for jackup rigs, and reflecting Lamprell’s strong reputation for quality and service, whilst further extending our growing order book.”

Deliveries are scheduled to be in Q4 2014 and Q1 2015 respectively.

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