Offshore staff
SHARJAH, UAE – Lamprell will reorganize its activities into three business units: Oil & Gas, Renewables, and Digital.
The Oil & Gas business comprises the group’s traditional activities in drilling rig fabrication and refurbishment, onshore EPC and other services, as well as the company’s expansion into offshore EPCI under its long-term agreement with Saudi Aramco.
Lamprell’s IMI joint venture in Saudi Arabia led to a contract for two newbuild jackups in 2020 and an engineering design contract. The company expects oil and gas to remain a significant part of its bid pipeline in 2021, with demand set to increase in the medium term as markets recover.
Work on the two IMI jackups is progressing with fabrication of the hull, cantilever and leg sections advancing. Last year the group completed 16 rig refurbishment projects, with others now under way.
Lamprell Renewables comprises the group’s existing projects providing wind turbine generator foundation fabrication services to offshore wind.
Renewables currently comprise up to $2.5 billion (c. 40%) of the group’s bid pipeline, helped by the entry of projects in the US. Lamprell foresees further strong growth ahead, with commercialization of floating wind expected to lead to significant opportunities from the middle of the decade onwards.
Targets are base structures for floating offshore wind, HVDC & HVAC platforms, and floating/offshore hydrogen production facilities. Lamprell Renewables will also seek collaboration with other companies to broaden its execution capacity and support the local content goals of clients.
The UK’s Seagreen will be the company’s next major offshore wind farm project.
Finally, Lamprell Digital covers the teams that have implemented a range of technologies in the group’s yards in the UAE, leading to deployment of adaptive robotic welding, facial recognition technology and a proprietary digital quality management system.
It also takes in the group’s partnerships with local digital developer Injazat/G42, supported by Mubadala Investment Co., and Akselos.
Lamprell Digital will develop proprietary technologies for industrial application for use in asset integrity, engineering design, smart non-destructive testing, predictive maintenance, and robotics.
01/14/2021
