Lamprell Delivers Caspian Sea Jackup Rig

Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announced that it has successfully completed and delivered the first of two Caspian Sea jackup rigs to the client, marking another significant milestone for the Group.

The rig has now been delivered to the client and was recently towed out from the Astrakhan re-assembly yard to commence operations on its first contract elsewhere in the Caspian Sea.

The Group is making good progress in relation to the on-going second Caspian Sea project, which is already well under way and is expected to be delivered in Q4 2014. The first two module shipments have already been transferred from the Group’s facility in Hamriyah to the Astrakhan yard as planned and on time.

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Lamprell, November 8, 2013