Lamprell
 | |
| Public (LSE: LAM) | |
| Industry | Oil and Gas |
| Founded | 1976 |
| Headquarters | Dubai, United Arab Emirates |
Key people |
John Kennedy, Chairman James Moffat, CEO |
| Revenue | US$1.091 billion (2013)[1] |
| US$52.9 million (2013)[1] | |
| US$36.4 million (2013)[1] | |
Number of employees | 10,000 (2013) |
| Website | www.lamprell.com |
Lamprell plc, based in the United Arab Emirates specialises in oil rig construction business. It builds shallow-water drilling jackup rigs, liftboats, land rigs and carries out rig refurbishment. It is listed on the London Stock Exchange.
History
The company was established by the Stephen Lamprell in 1976 in Dubai.[2] The company established three sites in the United Arab Emirates and one in Thailand before starting jackup rig conversions in the late 1980s.[2] In the late 1990s the company started to diversify into oil rig construction.[2] In 2006 the company launched an Initial Public Offering on the Alternative Investment Market[3] and in 2008 it secured a full listing on the London Stock Exchange.[2]
The company acquired Maritime Industrial Services, another maritime services business, for $336 million in July 2011[4] but was hit by a series of profit warnings in 2012 following a string of losses, delays and deferrals in individual projects.[5]
Operations
The Company has facilities in the following locations:[6]
- Port Khalid, Sharjah
- Hamriyah Port, Sharjah
- Jebel Ali, Dubai
References
- ↑ 1.0 1.1 1.2 Preliminary Results 2013
- ↑ 2.0 2.1 2.2 2.3 "Top 50 most influential Brits in the UAE". Arabian Business. Retrieved 22 June 2014.
- ↑ "Lamprell plc". All IPO. Retrieved 27 April 2014.
- ↑ "Lamprell buys Maritime Industrial Services". 11 July 2011. Retrieved 22 June 2014.
- ↑ "Lamprell leaps 17pc despite issuing fifth profit warning". The Telegraph. 19 November 2012. Retrieved 22 June 2014.
- ↑ Lamprell: Operations