UAE’s Lamprell wins Saudi contract for two jackup rigs

UAE-based Lamprell received a contract for the construction and delivery of two jackup drilling units from the Saudi maritime joint venture (JV), International Maritime Industries (IMI), the company said in a statement.

According to the letter of intent, the rigs will be built collaboratively between the IMI and Lamprell for delivery to IMI's end client. 

Discussions are currently ongoing between end client, IMI and Lamprell to conclude the specifications and contract terms which, once determined, will result in final contract signing for the rigs, the statement said.

Lamprell will provide a further announcement upon contract signing, it further noted.

The rigs will be built according to the 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 UAE while maximizing approximately 15 percent of the scope of work in Saudi Arabia.