Lamprell to supply international client in offshore wind industry

The signing of preferred supplier exclusivity is a significant milestone in the contract process albeit it is not a guarantee of contract. The Group will provide further details of the project in the event of successful conclusion of negotiations.

Christopher McDonald, CEO of Lamprell said: “We have seen a ramp up in bidding activity from Q4 2021 and we are currently in advanced stages of tendering with several potential clients across the globe, driven by the increased demand in both of our end markets of renewables and oil & gas. An emerging trend particularly in renewables sector is the introduction of reservation agreements to secure fabrication yard capacity for projects up to a year in advance We view these agreements as a very positive sign of forward planning and addressing limited capacity in the industry.”

Lamprell is a leading provider of services to the international energy sector. The company is recognised for building complex offshore and onshore process modules and platforms, fabricating and refurbishing jack-up rigs and liftboats. Lamprell employs more than 5,000 people across multiple facilities, with its primary facilities located in Hamriyah, in the UAE.