Friday, Nov 08, 2013
LONDON--Lamprell PLC (LAM.LN), a provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, said Friday it has completed and delivered the first of two Caspian Sea jackup rigs to the client, marking another significant milestone for the Group.
MAIN FACTS:
-Group is making good progress in relation to the on-going second Caspian Sea project, which is already well under way and is expected to be delivered in Q4 2014.
-First two module shipments have already been transferred from the Group's facility in Hamriyah to the Astrakhan yard as planned and on time.
-Shares in London at 0805 GMT down 1 pence, or 0.78%, at 160 pence valuing the company at 419.84 million pounds.
-Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
08-11-13 0808GMT
