Lamprell has received a letter of intent for the construction and delivery of two jackup drilling units.
The rigs will be built by Lamprell and International Maritime Industries Company (IMI), the Saudi maritime joint venture in which Lamprell is a partner.
Lamprell will undertake most of the fabrication work at its Hamriyah yard in the United Arab Emirates, while maximising work in Saudi Arabia to about 15% of the scope of work.
Lamprell chief executive Christopher McDonald, said: “I am very pleased to receive this letter of intent from IMI for the first 2 jackup rigs to be built by IMI and Lamprell.
“This is a significant step forward for the Saudi maritime yard. Following Lamprell’s recent announcement regarding its ascension to Saudi Aramco’s long term agreement programme, this is a further demonstration of the importance of the Saudi Arabian market to our strategic aspirations.
“The developing relationship between IMI and Lamprell will continue to be enhanced as we construct these rigs and we are excited by the opportunity to collaborate with them on such an innovative and important project.”