Lamprell to deliver Mexican jackup rig

Oil and gas engineer Lamprell has won a contract to build the Hull 108, a Friede & Goldman-designed Super M2 self-elevating mobile offshore drilling platform.

The rig, which will be delivered to Compaa Perforadora Mexico, a subsidiary of Grupo Mexico, will operate in water depths of up to 300 feet and will have a rated drilling depth of 30,000 feet.

Hull 108 was previously under construction by Maritime Industrial Services (MIS) earlier this year but Lamprell took over control after the acquisition of MIS in July. After completion and delivery, Lamprell will repay a portion of the debt raised for the purposes of the MIS purchase.

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According to Lamprell's Chief Executive Officer Nigel McCue: "We are delighted to be announcing today's contract win with PEMSA, a highly valued new client for the Lamprell group. The Gulf of Mexico represents an exciting market for Lamprell and we look forward to working with Pemsa on the successful delivery of this rig."

Shares were up 2% at 270.3p by 13:05.

BC