Lamprell completes first jack-up rig for NDC
Energy markets-focused engineer Lamprell has announced the completion of construction and delivery of the Makasib jack-up rig to Abu Dhabi's National Drilling Company (NDC).
Energy markets-focused engineer Lamprell has announced the completion of construction and delivery of the Makasib jack-up rig to Abu Dhabi's National Drilling Company (NDC).
The rig, which has a contract value of $168m, is the first of a total of six rigs being built for NDC by Lamprell.
It weighs around 9,400 tonnes and is a LeTourneau Super 116E (enhanced), self-elevating, 310ft legs design, with a fully automatic drillfloor with vertical piperacker. The rig will now travel to the Zakum Field in the Arabian Gulf.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Nigel McCue, Chief Executive Officer, Lamprell, said: "This is a significant milestone for the company, as this is the first new build jackup we have completed for NDC, now our biggest customer in the new build jackup segment. We are pleased to be delivering this rig on schedule and within budget to such an important and valued customer and to demonstrate our project execution capability."
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
What investors can expect from stocks and economies in 2025
There are reasons for investors to be hopeful about 2025, with slowing interest rates and moderating oil prices. But trouble may be brewing in bond markets
By Alex Rankine Published
-
Is Xi Jinping ready for Donald Trump's tariffs on China?
The ascent of Donald Trump will bring new challenges for Xi Jinping
By Emily Hohler Published