IMI, a jv between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries, has formally commenced business and the construction process for the site is underway with dredging and associated activities.
Saudi Aramco and Rowan joint venture ARO Drilling set to order 20 jack-up drilling rigs over a 10-year period as per the offtake agreement and EPC expected to start for the first rig in July. “Prior to the jack-up rig construction zone of the maritime yard becoming operational, significant component parts of the first two rigs are expected to be subcontracted to Lamprell's UAE facilities,” Lamprell said.
The rigs will be built to the LJ43 design jointly developed by Lamprell and GustoMSC.
“We are proud to be part of this major project as IMI has the capability of becoming a leading regional and global service provider to the rig and vessel markets,” said Christopher McDonald, ceo of Lamprell.
“A very welcome progress is also the selection of our new LJ43 jackup rig designed with GustoMSC for the rigs under the offtake agreement, this will further strengthen Lamprell's position in our traditional market."
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