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
-
8 of the best houses for sale for around £1 millionThis week: the best houses for sale for around £1 million – from a wing of a Grade II-listed Victorian manor house in Sunderland, to a brick-and-flint cottage in Cley next the Sea, Norfolk
-
Starling Bank to scrap 3.25% interest rate from popular current account within daysStarling is to remove the generous 3.25% it pays on current accounts from next week – what does this mean for customers and should you move?
