Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry, is pleased to announce the completion of the “Shelf Drilling Krathong” jackup drilling rig and its delivery to Shelf Drilling Ltd. (“Shelf Drilling”), on schedule and within budget.

The rig will sail within the next few days for deployment by the client at its drilling location, offshore Thailand. The Shelf Drilling Krathong rig has been designed and constructed to the same high quality specifications as its sister rig, the “Shelf Drilling Chaopraya”, which was delivered to Shelf Drilling in September 2016.

The LeTourneau Super 116E (Enhanced) Class rig features high specification offshore drilling technology, as well as accommodation for up to 160 people.

Commenting on the delivery, Christopher McDonald, Chief Executive Officer, Lamprell, said:

“I am delighted to report the successful delivery of the second rig to our major client, Shelf Drilling. With this delivery, Lamprell has completed and delivered a total of 27 new build jackup drilling rigs, reaffirming our reputation as a leading fabricator with a strong record of delivering premium quality products at world-class safety standards. We have a strong relationship with Shelf Drilling and we look forward to working with them on future projects.”

About Lamprell

Lamprell (ticker: LAM), based in the United Arab Emirates (UAE) and with operations throughout the region, has played a prominent role in the development of the energy industry in the Middle East for over 35 years and is the regional market leader in the rig construction business. Lamprell is a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries and since its IPO in 2006 it has established leading market positions in the construction of shallow-water drilling jackup rigs, liftboats, land rigs and rig refurbishment, as well as an international reputation for complex process modules and topsides.