Rig: Al Lulu

Al Lulu Jackup Delivered

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the energy industry, announces the completion of construction on the final jackup drilling rig in a series of nine, the “Al Lulu”, and its delivery to Abu Dhabi’s National Drilling Company (“NDC”), within budget and as scheduled. The contract for the NDC “Al Lulu” rig was awarded in April 2015, one of only three rig orders awarded that year. All nine rigs have been designed according to the Cameron LeTourneau Super 116E (Enhanced) Class design and were completed to the highest standards of quality using the latest in drilling system technology. Completion and delivery of the jackup rig was marked at an inauguration ceremony held at Lamprell’s Hamriyah facility in the UAE on 27 April and the rig will depart to its drilling location in Abu Dhabi shortly. Rig "Al Lulu" is the 21st 116E jackup drilling unit that Lamprell has delivered since its listing in 2006 and the 28th jackup drilling rig in total.

Lamprell wins first firm newbuild rig order of 2015

Lamprell Plc. (“Lamprell”), has announced that National Drilling Company ("NDC"), Abu Dhabi, has exercised one of its existing options and awarded a contract to Lamprell for the construction and delivery of a high-specification jackup drilling rig. Lamprell has previously been awarded contracts by NDC for a series of eight rigs and this will be the ninth rig constructed of the same design. The LeTourneau-designed, Super 116E (Enhanced) Class mobile offshore drilling unit will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with a planned delivery in Q2 2017. As previously announced, NDC has further options for Lamprell to build up to an additional two jackup rigs of the same design, which have been extended to 3Q 2015. James Moffat, Chief Executive Officer, Lamprell, said: "I am delighted to be able to announce this new award from NDC, thereby extending our on-going relationship with our largest client by way of a ninth new build jackup rig in the series. This is particularly pleasing given the backdrop of a challenging market environment. We are proud of the continuing confidence that NDC has shown in our track record for delivering high quality work competitively and to schedule and this consistent focus on client satisfaction is one of Lamprell's key strengths. We take this opportunity to thank NDC for this further business. The award of this newbuild is also the first newbuild rig order placed thus far in 2015 and follows the news that Abu Dhabi National Oil Company (“Adnoc”) is looking to boost its offshore production through the spending of over USD25 billion over the next 25 years. Adnoc is also looking to increase its drilling plans and potentially contract more offshore rigs in order to meet this demand.