New CEO Starts at Lamprell

Oil and gas engineering firm Lamprell announced Monday that James Moffat has now taken up his role as CEO of the group.

The UAE-based company said that Peter Whitbread, who had been acting as interim CEO since October, will continue to sit on its board and will support Moffat in an executive capacity.

Lamprell Chairman John Kennedy commented in a statement:

"I would like to welcome Mr Moffat into the group and I look forward to working closely with him as we re-position the company for renewed growth and profitability.

"We have made significant progress over the last six months, focusing on our core strengths, and we are keen to continue the great work undertaken by Mr Whitbread since his appointment. I would also like to take the opportunity to thank Mr Whitbread for his efforts and I am pleased that he has agreed to stay on and help with the process for rebuilding the business."

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

View the original article here

Lamprell Bags Contract to Build Jackup for Jindal Group

UAE-based Lamprell disclosed Wednesday that it has won a contract from Dev Drilling - a company within the Singapore's Jindal Group - to build and deliver a LeTourneau-design, self-elevating unit 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. The construction phase of this project is expected to take approximately 18 months.

This is the second rig that Lamprell will construct for Jindal, following on from the announcement on Nov.8, 2011, when Lamprell revealed that it is constructing a Super 116E rig for delivery to Jindal in November this year.

Jindal has the option to order a second rig; exercisable during a period of six months from the effective date of the original contract.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit http://www.riglogix.com/.

View the original article here