Sponsored By

Saudi mega-yard IMI to sub-contract component work for first rig newbuilds to LamprellSaudi mega-yard IMI to sub-contract component work for first rig newbuilds to Lamprell

With the new Saudi mega-shipyard International Maritime Industries (IMI) set for a 20 drilling rig newbuild order from ARO Drilling significant components for the first two rigs are expected to sub-contracted to Lamprell, one of the joint venture partners.

Marcus Hand, Editor

March 16, 2018

1 Min Read
Kalyakan - stock.adobe.com

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."

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like