LAMPRELL ANNOUNCES NEW CONTRACT AWARD

Contract Award

Released: 08/11/2011

RNS Number : 6762R
Lamprell plc
08 November 2011





08 November 2011

LAMPRELL PLC
("Lamprell")

LAMPRELL ANNOUNCES NEW CONTRACT AWARD
Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international offshore and onshore oil & gas and renewables industries, is pleased to announce that it has received a new contract award from Jindal Pipes (Singapore) Pte Limited ("Jindal"), based in Singapore, for the construction and delivery of a completely outfitted and equipped, LeTourneau designed, self-elevating Mobile Offshore Drilling Platform of a Super 116E (Enhanced) Class design.

The rig is designed to operate in water depths of up to 350 feet and will have a rated drilling depth of 30,000 feet. Lamprell will fabricate the jackup rig in its yard in Hamriyah.

Commenting on the contract award Nigel McCue, Chief Executive Officer, Lamprell, said:

"We are delighted to be announcing today's contract win with Jindal, and we look forward to working with Jindal on the successful delivery of this important project. This order further underlines the strength of the market for jackup rigs, and Lamprell's strong positioning within this market."


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Enquiries:

Lamprell plc
+44 (0) 207 920 2347
Jonathan Silver, Chairman
Nigel McCue, Chief Executive Officer
Jonathan Cooper, Chief Financial Officer



M:Communications, London

Patrick d'Ancona
+44 (0) 207 920 2347
Andrew Benbow
+44 (0) 207 920 2344