Lamprell plc Update on Seagreen contract award (8306Q)
June 23 2020 - 8:27AM
UK Regulatory
TIDMLAM
RNS Number : 8306Q
Lamprell plc
23 June 2020
23 June 2020
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
UPDATE ON SEAGREEN CONTRACT AWARD
Lamprell signs contract for Seagreen wind farm foundations
Following our letter of award announcement of 5 June, Lamprell
is pleased to announce that it has now finalised and entered into a
fully executed contract with Seaway 7 in respect of the Seagreen
offshore wind farm.
- 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").
Supplementary notes
To recap, this very large* project will be executed on a lump
sum basis with fabrication work expected to comete in H2 2021. The
scope of work includes the procurement, fabrication and delivery of
30 wind turbine generator substructures, including the jackets,
transition pieces and suction caissions.
The Seagreen offshore windfarm project is a 1,075MW project
located 27km off the Angus Coast in the Firth of Forth, off the
coast of Scotland and will be developed and operated by Seagreen
Wind Energy Limited. Once constructed, the windfarm will be the
largest in Scotland and Phase One is forecast to provide low carbon
energy for around one million homes.
(*Lamprell defines a very large contract as having a value in
excess of USD 150 million)
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END
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