Lamprell

Lamprell plc
Public (LSE: LAM)
Industry Oil and Gas
Founded 1976
Headquarters Dubai, United Arab Emirates
Key people
 John Kennedy, Chairman
James Moffat, CEO
Revenue US$871 million (2015)[1]
US$90.0 million (2015)[1]
US$65.2 million (2015)[1]
Number of employees
 9,312 (2015)
Website www.lamprell.com

Lamprell plc, based in the United Arab Emirates specialises in oil rig construction business. It builds shallow-water drilling jackup rigs, liftboats, land rigs and carries out rig refurbishment. It is listed on the London Stock Exchange.

History

The company was established by the Stephen Lamprell in 1976 in Dubai.[2] The company established three sites in the United Arab Emirates and one in Thailand before starting jackup rig conversions in the late 1980s.[2] In the late 1990s the company started to diversify into oil rig construction.[2] In 2006 the company launched an Initial Public Offering on the Alternative Investment Market[3] and in 2008 it secured a full listing on the London Stock Exchange.[2]

The company acquired Maritime Industrial Services, another maritime services business, for $336 million in July 2011[4] but was hit by a series of profit warnings in 2012 following a string of losses, delays and deferrals in individual projects.[5]

Operations

The Company has facilities in the following locations:[6]

References

  1. 1 2 3 "Annual Report 2015" (PDF). Lamprell. Retrieved 2 June 2016.
  2. 1 2 3 4 "Top 50 most influential Brits in the UAE". Arabian Business. Retrieved 22 June 2014.
  3. ↑ "Lamprell plc". All IPO. Retrieved 27 April 2014.
  4. ↑ "Lamprell buys Maritime Industrial Services". 11 July 2011. Retrieved 22 June 2014.
  5. ↑ "Lamprell leaps 17pc despite issuing fifth profit warning". The Telegraph. 19 November 2012. Retrieved 22 June 2014.
  6. ↑ Lamprell: Operations

External links

This article is issued from Wikipedia - version of the 6/3/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.