Lamprell Adds Two LeTourneau-Designed Jackups

These LeTourneau-designed rigs will be able to operate in water depths of up to 340 feet with a rated drilling depth of 30,000 feet, and will also incorporate a number of Ensco proprietary features and specifications.
Lamprell will fabricate both jackup rigs in its Hamriyah yard, located in the United Arab Emirates. Delivery of the first rig to Ensco scheduled to take place in Q2 2016 with the second rig being delivered in Q3 2016.
Under the contract terms, Ensco also has options for Lamprell to build two further jackup rigs of the same design and these options are exercisable within a period of six months from the effective date of the contract.
This contract is valued at approximately $390 million (excluding the options).
 

lamprell, April 15, 2014