This contract with NDC is for the construction and delivery of two jackup rigs valued at $158.5m each with additional optional equipment orders valued at $12.6m per rig. The rigs will be completely outfitted and equipped, LeTourneau designed, self-elevating mobile offshore drilling platforms of a Super 116E (Enhanced) Class design.

According to Lamprell, the rigs consist of triangular hulls and three 310 foot truss type legs per rig, each leg with an electro-mechanical rack and pinion elevating system, which will allow drilling in depths of up to 200 feet of water with a rated drilling depth of 30,000 feet. Work on the first rig will commence on August 1, 2010 with delivery scheduled for the middle of second quarter 2012.

As part of the contract, NDC has options for Lamprell to build two further jackup rigs, valued at $158.5m per rig, exercisable during the 12 month period commencing on August 1, 2010. Each option includes additional optional equipment orders valued at $12.6m.

Nigel McCue, CEO of Lamprell, said: “We are delighted to be announcing today's contract win with NDC and extremely pleased to be working with a company with such an internationally recognised reputation within the oil and gas industry.

“In addition, we are delighted to have now resolved the outstanding issue regarding the jackup construction contract with Riginvest G.P.”

Will the Contract benefit NDC?

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