Lamprell announced that during the first 4 months of 2011 orders have been secured from multiple clients to undertake a number of jackup rig upgrade and refurbishment projects with a combined contract value of approximately USD 57 million.

These projects include contracts valued in aggregate at USD 14.7 million for Nabors International Limited rigs 655 and 656 and at USD 27.5 million for conversion works to the Rig Burj owned and operated by Burj LLC part of the Millennium Offshore Services group. The Rig Burj is a multi purpose jackup unit capable of operating in water depths of 330 feet which is to be converted into an accommodation platform for upwards of 250 personnel. The work on these projects will be executed at Lamprell's Sharjah and Hamriyah facilities.

Mr Nigel McCue CEO of Lamprell said that "We are pleased to announce these recent contract wins, demonstrating the renewed activity we are experiencing in the rig refurbishment and upgrade market and representing a strong improvement from the lower levels of expenditure experienced in the second half of 2010. We believe these awards reflect our strong reputation for quality and service."