Lamprell
Dubai-based oil rig construction company Lamprell this year signed an agreement to expand its operations in Hamriyah Free Zone, Sharjah, as part of plans to grow its footprint in the region.
The company leased an additional 114,280m² in phase 2, bringing its total land area to 500,000m², including 1,430m of quayside. The additional land will be used to build fully automated fabrication areas, including pipe fabrication shops and blasting and painting sheds.
Also this year, Lamprell signed a memorandum of understanding (MoU) with Saudi Aramco, the National Shipping Company of Saudi Arabia (Bahri), and Hyundai Heavy Industries to investigate setting up a Maritime Complex in Saudi Arabia. The proposed facility would provide engineering, manufacturing and repair services for offshore rigs, commercial vessels and offshore service vessels. The MoU covers joint participation and due diligence on all work streams required to make a final investment decision.
Late last year, Lamprell also extended two options with Abu Dhabi’s National Drilling Company (NDC), as well as signing an option for a new jack-up build.
“The group [views] its exposure to the Middle East region as an important factor in its current and near-term business performance,” the company said at the time of signing the NDC deal.
