Cameron, Lamprell reach accord on rig equipment deliveries

Fabricator Lamprell has settled with Cameron on various issues related to jacking equipment supplied for offshore drilling rigs in 2016.

Offshore staff

SHARJAH, UAE – Fabricator Lamprell has settled with Cameron on various issues related to jacking equipment supplied for offshore drilling rigs in 2016.

Under the agreement, Lamprell will receive a proportion of the remedial costs incurred in rectifying these issues.

After taking account of monies owed to Cameron and the terms of the settlement, the fabricator anticipates its current net cash position will be largely unchanged.

08/15/2017

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