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.
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
-
What is the 7 year inheritance tax rule and how does it help cut your bill?Speculation is rife chancellor Rachel Reeves has plans to target inheritance tax once again in her upcoming Budget. But the 7 year inheritance tax rule can save you thousands - here’s how it works.
-
HMRC confirms crypto ETN ISA rulesWith crypto ETNs now technically available for UK retail investors, HMRC has confirmed they can be held in an ISA – but there’s a complication
