Lamprell extends jack-up options with NDC

Two options have been extended until the end of Q1 in 2016

Picture for illustrative purposes only.
Picture for illustrative purposes only.

Lamprell has extended two options with Abu Dhabi’s National Drilling Company, as well as signing an option for a new jack-up build.

The two options had been due to expire at the end of Q3 this year, but have been extended until the end of March 2016.

“The Group continues to view its exposure to the Middle East region as an important factor in its current and near-term business performance, and is targeting a number of major regional projects for conversion into backlog,” said the company in a statement.

“The Group recently agreed with its largest client, the National Drilling Company of Abu Dhabi, to extend the outstanding two options and a new additional one, on its next jackup rigs, now due to expire at the end of the first quarter of 2016.”
 

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