Lamprell plc, based in the

United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia ( The Middle East). It is located at t ...

, specialises in construction and fabrication, servicing both the Renewables and Oil & Gas industries. It builds wind turbine foundations as well as shallow-water drilling

jackup rig 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 a ...

s, 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 London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

History

The company was established by Steven Lamprell in 1976 in

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

. The company established three sites in the

and one in

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

before starting jackup rig conversions in the late 1980s. In the late 1990s, the company started to diversify into oil rig construction. In 2006 the company launched an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows ...

and in 2008 it secured a full listing on the

. 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, and two wind turbine installation vessels to

Fred Olsen Fredrich Olsen (1891–1986) was a British-born American chemist remembered as the inventor of ball propellant and as a donor or seller to the art antiquities collections of Yale University, the University of Illinois, and the Massachusetts Insti ...

. The company acquired Maritime Industrial Services, another maritime services business, for $336 million in July 2011 but was hit by a series of profit warnings in 2012 following a string of losses, delays and deferrals in individual projects. 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. The company entered the

Guinness World Records ''Guinness World Records'', known from its inception in 1955 until 1999 as ''The Guinness Book of Records'' and in previous United States editions as ''The Guinness Book of World Records'', is a reference book published annually, listing world ...

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. 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. In 2017, Lamprell, via subsidiary Maritime Offshore Limited, joined a partnership developing the

King Salman Global Maritime Industries Complex 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 ...

in Saudi Arabia. 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.

Operations

Lamprell has three main business units: renewables, oil & gas, and digital. Its main operations centres and yards are in the UAE and Saudi Arabia. In the UAE its main facility is located in Hamriyah, and it has a second facility in Jebel Ali and a third in Dubai Investments park. Lamprell also has a joint partnership with Saudi Aramco, Bahri and HHI in the Industrial Maritime Yard in Saudi Arabia.

References

External links

*{{Official website Companies based in Dubai Construction and civil engineering companies established in 1974 1974 establishments in the United Arab Emirates