Lamprell plc New Contract Award (4530N)
May 20 2020 - 1:00AM
UK Regulatory
TIDMLAM
RNS Number : 4530N
Lamprell plc
20 May 2020
20 May 2020
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
NEW CONTRACT AWARD
Lamprell awarded EPIC contract by Sharjah National Oil
Corporation
Lamprell, through its site services business, has been selected
by Sharjah National Oil Corporation (SNOC) to undertake a
medium-sized* engineering, procurement, installation and
commissioning contract (EPIC) associated with the Mahani gas and
condensate field in Sharjah, United Arab Emirates.
Scheduled for completion in early 2021, Lamprell's scope of work
is specific to the Mahani Extended Well Test project and includes
hook-up and installation at the well, existing systems upgrade,
associated tie-ins and a new 25 km export pipeline.
Discovery of the onshore Mahani field was announced by SNOC and
its partner Eni at the end of January 2020.
Commenting on the award, Chief Executive Christopher McDonald
said: "SNOC is an important client for us and through delivering to
consistently high and competitive standards, we are very proud of
the track record we've developed with them. Mahani is a strategic
gas discovery. We are looking forward to being associated with it,
delivering this project safely and on time."
- Ends -
Enquiries:
Lamprell plc
Maria Babkina, Investor Relations +44 (0) 7852 618 046
Tulchan Communications, London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
Notes to editors
Lamprell, based in the United Arab Emirates ("UAE") and with
over 40 years' experience, is a leading provider of fabrication,
engineering and contracting services to the offshore and onshore
oil & gas and renewable energy industries. The Group has
established leading market positions in the fabrication of
shallow-water drilling jackup rigs, liftboats, land rigs, and rig
refurbishment projects, and it also has an international reputation
for building complex offshore and onshore process modules and fixed
platforms.
Lamprell employs more than 4,000 people across multiple
facilities, with its primary facilities located in Hamriyah, in the
UAE. Combined, the Group's facilities cover approximately 800,000m2
with over 1.5 km of quayside. In addition, the Group has facilities
in Saudi Arabia (through a joint venture agreement).
Lamprell is listed on the London Stock Exchange (symbol
"LAM").
(*Lamprell defines a medium-sized contract as between USD 6
million and USD 50 million)
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END
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