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Lamprell announces delivery of jackup rig for Greatship Global Energy

Wednesday, January 23, 2013
  • The project was completed with 3.9mn manhours without any lost time incidents.
  • The Greatdrill Chaaya, weighing 10,394 tonnes at delivery, is a LeTourneau Super 116E (Enhanced) with a self-elevating, 477ft leg design.

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, announces the completion of construction of the jackup rig 'Greatdrill Chaaya' and its delivery to Greatship Global Energy Services Pte. Ltd. ('Greatship').

Completion and delivery of the rig, on budget and 18 months after initial steel cutting, was marked with a ceremony at Lamprell's Hamriyah facility in the UAE on 7 January, followed by the rig's departure from the facility on 17 January to its drilling location in India where it is contracted to ONGC. The project was completed with 3.9mn manhours without any lost time incidents.

The Greatdrill Chaaya, weighing 10,394 tonnes at delivery, is a LeTourneau Super 116E (Enhanced) with a self-elevating, 477ft leg design. To allow the unit to operate in India's offshore water, Lamprell modified the spud can design in order to reduce the soil bearing pressure.

With this delivery, the Group has now completed a total of 12 new build jackup drilling rigs, five of the 'LeTourneau Super 116 E' design and seven of the 'Friede & Goldman Super M2' design. The Group has seven more LeTourneau rigs at various stages of construction.

Commenting on the delivery, Peter Whitbread, Chief Executive Officer, Lamprell, said:

'I am pleased to be marking the completion and delivery of this rig to Greatship. We proceeded on the basis of an aggressive fabrication schedule and so we have achieved an excellent result with this completion as per the client's requirements and on budget. It is further evidence of Lamprell's capabilities and competencies in this core business. We are proud that Greatship has chosen to partner with Lamprell for this latest addition to their jackup fleet and we hope to continue building on this relationship in the future.'

Satish Sinha, Vice President - Drilling Services, Greatship Global Energy Services, commented:

'This project, our first with Lamprell, has benefited from the excellent partnership between the two teams and their support divisions who worked relentlessly to ensure that the project progressed smoothly throughout. This has resulted in the addition of another high quality state-of-the-art rig to our fleet that is comparable to any jackup rig built anywhere in the world.'

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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