Lamprell


Lamprell plc, based in the United Arab Emirates specialises in the oil rig construction business. It builds shallow-water drilling jackup rigs, liftboats, land rigs and carries out rig refurbishment. It is listed on the London Stock Exchange.

History

The company was established by Stephen Lamprell in 1976 in Dubai. The company established three sites in the United Arab Emirates and one in Thailand before starting jackup rig conversions in the late 1980s. In the late 1990s the company started to diversify into oil rig construction. In 2006 the company launched an Initial Public Offering on the Alternative Investment Market and in 2008 it secured a full listing on the London Stock Exchange.
The company acquired Maritime Industrial Services, another maritime services business, for $336 million in July 2011 but was hit by a series of profit warnings in 2012 following a string of losses, delays and deferrals in individual projects. In 2016, Lamprell, via subsidiary Maritime Offshore Limited, joined a partnership developing the King Salman Global Maritime Industries Complex in Saudi Arabia.

Operations

The Company has facilities in the following locations: