Company type | Private |
---|---|
Industry | Energy |
Founded | 1976 |
Headquarters | Hamriyah, United Arab Emirates |
Key people | Ian Prescott, CEO Neil Millar, COO |
Products | |
Revenue | US$338.6 million (2020) [1] |
US$(32.0) million (2020) [1] | |
US$(53.4) million (2020) [1] | |
Number of employees | 5,000 (2021) |
Website | www |
Lamprell plc, based in the United Arab Emirates, specialises in construction and fabrication, servicing both the Renewables and Oil & Gas industries. [2] It builds wind turbine foundations as well as shallow-water drilling jackup rigs, liftboats and land rigs, and it also carries out rig refurbishment. In 2021 the company added a Digital business unit servicing not only the renewables and oil & gas sectors but other related industries. It is listed on the London Stock Exchange. [3] [4]
The company was established by Steven Lamprell in 1976 in Dubai. [5] The company established three sites in the United Arab Emirates and one in Thailand before starting jackup rig conversions in the late 1980s. [5] In the late 1990s, the company started to diversify into oil rig construction. [5] In 2006 the company launched an initial public offering on the Alternative Investment Market and in 2008 it secured a full listing on the London Stock Exchange. [5]
Lamprell diversified its offering further, from predominantly servicing the oil & gas market to entering the renewables' arena in the early 2000s. It delivered four self-propelled jackup vessels for offshore oil & gas and offshore wind turbine installation to Seajacks, [6] and two wind turbine installation vessels to Fred Olsen. [7]
The company acquired Maritime Industrial Services, another maritime services business, for $336 million in July 2011 [8] but was hit by a series of profit warnings in 2012 following a string of losses, delays and deferrals in individual projects. [9] In March 2013, the company was fined £2.4 million by the Financial Services Authority in connection with the profit warnings and for its failure to keep the market properly informed. [10]
The company entered the Guinness World Records book in 2014 for the "heaviest load moved by self-propelled modular trailers" for moving a 13,191.98 metric tonne Production, Utilities and Quarters (PUQ) deck for its client Nexen Petroleum UK. [11]
In 2016, Lamprell won its first contract to construct 60 wind turbine foundation structures following an award from ScottishPower Renewables for the East Anglia One project. [12]
In 2017, Lamprell, via subsidiary Maritime Offshore Limited, joined a partnership developing the King Salman Global Maritime Industries Complex in Saudi Arabia. [13]
In 2022, the company announced that Thunderball Investments, a company owned by Blofeld Investment Management and AlGihaz, had made an offer for the company worth £38.8m ($46.5m) which the board of Lamprell had accepted. [14]
Lamprell has three main business units: renewables, oil & gas, and digital. [15] Its main operations centres and yards are in the UAE and Saudi Arabia. In the UAE its main facility is located in Hamriyah, [16] and it has a second facility in Jebel Ali and a third in Dubai Investments park. [17]
Lamprell also has a joint partnership with Saudi Aramco, Bahri and HHI in the Industrial Maritime Yard in Saudi Arabia. [18]
An oil platform is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platforms will also have facilities to accommodate the workers, although it is also common to have a separate accommodation platform linked by bridge to the production platform. Most commonly, oil platforms engage in activities on the continental shelf, though they can also be used in lakes, inshore waters, and inland seas. Depending on the circumstances, the platform may be fixed to the ocean floor, consist of an artificial island, or float. In some arrangements the main facility may have storage facilities for the processed oil. Remote subsea wells may also be connected to a platform by flow lines and by umbilical connections. These sub-sea facilities may include one or more subsea wells or manifold centres for multiple wells.
Aker Solutions ASA engineers and builds energy infrastructure while providing a range of products and consultancy services to low-carbon and renewable energy projects. Based in Oslo, the company's offerings to the energy industry include the systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer CO2 capture and sequestration.
The American Bureau of Shipping (ABS) is an American maritime classification society established in 1862. Its stated mission to promote the security of life, property, and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine and offshore assets.
The United Kingdom is the best location for wind power in Europe and one of the best in the world. The combination of long coastline, shallow water and strong winds make offshore wind unusually effective.
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.
The Germanischer Lloyd SE was a classification society based in the city of Hamburg, Germany. It ceased to exist as an independent entity in September 2013 as a result of its merger with Norway's DNV to become DNV GL.
Greater Gabbard is a 504 MW wind farm, built on sandbanks 23 kilometres (14 mi) off the coast of Suffolk in England at a cost of £1.5 billion. It was completed on 7 September 2012 with all of the Siemens SWT3.6–107 turbines connected. Developed as a joint venture between Airtricity and Fluor, it is now jointly owned by SSE Renewables and Innogy.
Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum that lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on the continental shelf, though the term can also be applied to drilling in lakes, inshore waters and inland seas.
A jackup rig or a self-elevating unit is a type of mobile platform that consists of a buoyant hull fitted with a number of movable legs, capable of raising its hull over the surface of the sea. The buoyant hull enables transportation of the unit and all attached machinery to a desired location. Once on location the hull is raised to the required elevation above the sea surface supported by the sea bed. The legs of such units may be designed to penetrate the sea bed, may be fitted with enlarged sections or footings, or may be attached to a bottom mat. Generally jackup rigs are not self-propelled and rely on tugs or heavy lift ships for transportation.
Wind power generates about 10% of Turkey's electricity, mainly in the west in the Aegean and Marmara regions, and is gradually becoming a larger share of renewable energy in the country. As of 2024, Turkey has 12 gigawatts (GW) of wind turbines. The Energy Ministry plans to have almost 30 GW by 2035, including 5 GW offshore.
Grup Servicii Petroliere is a Romanian company providing offshore integrated services for oil and gas industry. The company, established in 2004, is a member of UPETROM Group.
EnergyinSaudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. The economy is still very dependent on oil despite diversification, in particular in the petrochemical sector.
EDF Renewables is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.
GE Wind Energy is a branch of GE Renewable Energy, a subsidiary of General Electric. The company manufactures and sells wind turbines to the international market. In 2018, GE was the fourth largest wind turbine manufacturer in the world.
Steven Lamprell is the president, the largest shareholder and founder of Lamprell Plc., a company specializing in the construction and maintenance of Oil and Gasrig.
Maritime Industrial Services Co. Ltd. Inc.
Gulf Drilling International Limited (GDI) is a Qatari Shareholding Company based in West Bay, Doha.
A wind turbine installation vessel (WTIV) is a vessel specifically designed for the installation of offshore wind turbines. There were 16 such vessels in 2020.
The King Salman Global Maritime Industries Complex is a shipyard in Ras Al-Khair, Saudi Arabia that is under construction and planned to open in late 2018. Upon completion, it will be the largest shipyard in the world. Development of the facility began in November 2015, when Saudi Arabian oil and gas company Saudi Aramco and South Korean shipbuilder Hyundai Heavy Industries (HHI) signed a memorandum of understanding (MoU) regarding development of marine industry in Saudi Arabia, including a large shipyard. In January 2016, it was announced that the partnership to construct the shipyard had expanded with the signing of an MoU between the National Shipping Company of Saudi Arabia, Maritime Offshore Limited, Saudi Aramco, and HHI. The consortium subsequently signed a joint development agreement in June to undertake feasibility analysis of the shipyard, which had by then been confirmed to be sited in Ras Al-Khair.