cated in the new Hamriyah facility, which will release capacity at its Jebel Ali facility, allowing oilfield engineering operations to benefit from the synergies between its land rig and jackup rig projects. Fabrication and refurbishment projects will be transferred to Hamriyah by the end of 2010 and a new workshop will be completed in Q2 2011. McCue said the company is seeking new opportunities in Iraq and other Middle East countries in the medium term.
McCue told Oil & Gas Middle East that the first half has been a busy one for the company, during which it won new contracts worth $890 million, including the NDC contract. He said: “Executing our work to the highest standard, both on time and on budget, remains central to our business and we believe is the basis on which we have won recent contracts and added new customers. We completed the Scorpion Offshore Mischief in April 2010, on time and on budget, and this Lamprell’s new Hamriyah facility.
approach is underpinning the future growth of our business” “We continue to see a high level of interest for the wide spectrum of new build services we offer and our proposals pipeline remains strong,” concluded McCue. A day-rate analysis from ODS Petrodata currently featured on ArabianOilandGas. com suggests low, but stable rates in the Middle East for the remainder of 2010, news which bodes well for the region’s fabrication and service yards.
September 2010 Oil&Gas Middle East
Oil & Gas Middle East - Sept 2010 - ITP Business