Saudi content for two newbuild jackups
Lamprell says its joint venture in Saudi Arabia, International Maritime Industries, has a letter of intent to construct two jackup rigs at Lamprell’s UAE facilities.
Around 15% of the work will be completed in Saudi Arabia.
The contractor points out that these are the firstnewbuild jackups awarded anywhere since 2015.
Although Lamprell’s UAE yard activity levels have been at a historical low of late, the company has seen an increase inrig refurbishment work with a record 23 rigs passing through its yards in 2018, and many more said to be in various stages of warm or cold stacking throughout the year.