Last 144.75 GBp
Change Today +4.75 / 3.39%
Volume 216.2K
LAM On Other Exchanges
As of 11:35 AM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

lamprell plc (LAM) Snapshot

142.00 GBp
Previous Close
140.00 GBp
Day High
144.75 GBp
Day Low
139.50 GBp
52 Week High
09/4/14 - 178.00 GBp
52 Week Low
03/19/14 - 110.78 GBp
Market Cap
Average Volume 10 Days
0.24 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for LAMPRELL PLC (LAM)

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lamprell plc (LAM) Details

Lamprell plc, through its subsidiaries, provides diversified engineering, construction, and contracting services to the onshore and offshore oil and gas, and renewable energy industries in the United Arab Emirates, Saudi Arabia, and Kuwait. The company is engaged in the design and construction of new build jackup drilling rigs; various offshore vessels and structures; and process modules for floating production, storage and offloading units, floating storage and regasification units, tender assist drilling barges, mobile offshore production units, offshore drilling rig components and accessories, living quarters, turrets, and other offshore fixed structures. It also offers rig refurbishment services; engineering and construction services; and land rig services for various projects and services related to onshore drilling rigs, oilfield service companies, and drilling equipment refurbishment for land and offshore rigs. In addition, the company is involved in the construction of wind turbine installation vessels for seajacks and fred; and engineering services, including concept engineering, FEED, and design engineering, as well as detailed and construction engineering, which include offshore drilling rigs, land rigs, onshore and offshore engineering, procurement and construction projects, pipelines, pressure vessels, skids, modules, decks, and jackets. Further, it offers safety solutions, as well as technical consultancy, services, and support specialized in the detection and handling of the toxic H2S gas; and manpower, equipment, and materials services for oil and gas, and petrochemical facilities and plants, as well as for drilling rigs, offshore facilities, marine docks, and marine vessels. Lamprell plc was founded in 1974 and is based in Dubai, the United Arab Emirates.

9,000 Employees
Last Reported Date: 08/28/14
Founded in 1974

lamprell plc (LAM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

lamprell plc (LAM) Key Developments

Lamprell plc Reaffirms Earnings Guidance for 2014 and Revenue Guidance for 2015

Lamprell plc reaffirmed earnings guidance for 2014 and revenue guidance for 2015. As announced on 21 October 2014, the timely delivery of the "Mercury" rig will have a material positive impact on the group's performance for the year and this guidance remains unchanged. The Board maintains its view that revenue for 2015 is expected to be broadly flat on 2014 but notes that the favourable phasing in the construction cycle experienced in 2014 will not be replicated in 2015 as most projects will be in their early stages of construction.

Lamprell plc Receives $365 Million Contract Award from National Drilling Company

Lamprell announced that it has received a new contract award from National Drilling Company for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class. This contract award is valued at approximately $365 million. Lamprell has previously been awarded contracts by NDC for a series of six identical rigs and are on schedule to complete construction of the final two jackup rigs, having delivered the first four on time and on budget. As with the units under construction, these newly-ordered rigs will be completely outfitted, LeTourneau-designed, self-elevating Mobile Offshore Drilling Units of a Super 116E (Enhanced) Class design with a rated drilling depth of 30,000 feet. The rigs will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with planned delivery dates in fourth quarter 2016 and second quarter 2017 respectively.

Lamprell plc Announces Completion of Second Caspian Sea Drilling Unit

Lamprell plc announced that it has successfully completed construction of the second Caspian Sea jackup drilling rig, the 'Mercury'. Completion of this rig is another significant milestone for the Group, particularly as it has been built under challenging conditions but with an excellent safety record and several weeks ahead of schedule. In light of this and further to the Company's announcement on 28 August 2014, timely completion enables the Company to release contingencies held in connection with this project which will have a significant positive impact on the 2014 financial results. The "Mercury" is the second vessel that Lamprell has built for this client. Delivery of this rig will take place in the coming month and the rig is then expected to commence operations on its first contract elsewhere in the Caspian Sea alongside its sister vessel, the "Neptune" rig, which was delivered in November 2013. A number of key operational improvements, learnt from this first rig project, were successfully implemented onto the "Mercury" project allowing Lamprell to complete as planned.


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