Lamprell, a leading provider of specialist engineering services to the international offshore and onshore oil & gas and renewables industries has announced that it has successfully delivered Hull 108.

The contract award from Compania Perforadora Mexico S.A.P.I. DE CV, a subsidiary of Grupo Mexico, for the construction and delivery of Hull 108, a completely outfitted and equipped, Friede & Goldman designed, Super M2 self elevating Mobile Offshore Drilling Platform was announced on December 28th 2011. The rig is designed to operate in water depths of up to 300 feet and has a rated drilling depth of 30,000 feet.

Hull 108 was under construction by Maritime Industrial Services Company Limited Inc at the time of its acquisition by Lamprell in July 2011. The fabrication of the jackup rig was completed in Lamprell’s Sharjah yard and delivery has been completed on time.

As a result of the successful delivery of the rig, Lamprell will repay USD 70 million of debt which is outstanding under MIS Acquisition Term Loan and the Hull 108 Construction Term Loan.

Source - Gulf Oil and Gas

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