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Lamprell win $90m upgrade of Jacktel AS jack-up accommodation unit

Lamprell win $90m upgrade of Jacktel AS jack-up accommodation unit
Lamprell has won a $90m contract to upgrade a jack-up accommodation unit in the North Sea – just days after out-going ceo Jim Moffat urged the UAE-based rig builder not to rely on such work as its main revenue source.

The contract from Jacktel AS, a wholly owned subsidiary of Norwegian offshore accommodation provider Master Marine Group, includes the procurement, construction and installation of extended legs and new suction caissons on the mobile operating unit Haven.

Lamprell will fabricate the new leg sections and suction caissons at its Hamriyah yard in the UAE emirate of Sharjah before transporting the new components to the Statoil "Johan Sverdrup" field, offshore Norway.

Once there, it will collaborate with Norwegian construction service provider, Coast Centre Base AS, to reassemble the unit with the work scheduled for completion in the second quarter of 2018.

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"Lamprell has a well­ established track record for undertaking major rig refurbishment projects and so it is pleasing to receive this contract award for work in connection with one of the most prestigious projects in the North Sea,” Moffat said.

“While the market impacted the number of rig refurbishment and upgrade projects during 2016, this award demonstrates Lamprell's continuing ability to compete in this sector which remains an area of strength for the Group.  We look forward to working closely with the various project partners on this exciting new project."

Moffat, who will be succeeded by Christopher McDonald on 1 October after 3 ½ years at the helm but will be retained in a part-time consultancy role, last week flagged further redundancies after Lamprell cut its workforce by 10% in April and said the group may even consider mothballing some of its yards to ride out the current market volatility.

The revelations came as Lamprell announced a $4.4m loss for the first half of 2016 as its settlement for the delayed delivery of a jackup rig to London-based global drilling services giant Ensco wiped $35m off its net profit.