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steel replacing, particularly in the splash repair or conversion. Anderson says Damen Shipyards Sharjah, set up by zone area, Anderson says. Lamprell had 60% of the refurbishment Albwardy Marine Engineering, a joint

However, the work can still be cost- market in the Middle East in 2012. venture between Albwardy Marine effective. Reactivating a 1981-built “One of the biggest operators right now Engineering and Damen Shipyards, rig to work for Saudi Aramco for ? ve is Saudi Aramco, which is looking for which also operates repair, docking and years could cost US$60 million, against anything it can get, but rigs have to meet diving facilities at Dubai’s Shipyards Al

US$185 million for a newbuild 116E, their standards,” Anderson says. “Saudi Jadaf, Dubai Maritime City and Fujairah. depending on the deck and drilling Aramco is taking 30-year-old jackups, In November, the company headquar- equipment requirements. A JU 2000E but they need work done on them. Abu ters moved to its new site in the Hamriyah would be US$230-240 million, Anderson Dhabi is another area bee? ng up its ? eet Free Zone, Sharjah. Alongside ship says, but would also command a right now.” Standards required include dry-docking repairs and conversions, and

US$180,000 day rate. DNV’s Daemi puts zero discharge, helideck access and new buildings of Damen and non-Damen the cost of a new jackup for the region egress on both sides, resulting in upgrade designs, the company lists the oil and gas at US$140-200 million, compared to periods of 12-14 months. sector, speci? cally rig repairs and conver-

US$60-90 for an upgrade. But Lamprell is no longer the only sions, as one of its new areas of focus. “To keep up with class, a lot of the player in the region. Dubai’s Drydocks The Damen Shipyards Sharjah facility existing jackups will need to be brought World, Adyard Abu Dhabi in to the yard,” Anderson says. “We see a (a subsidiary of Topaz steady stream of rigs being reactivated or Group), Nakilat-Keppel converted. There is talk about scrapping, O&M in Qatar, a joint but I’ve been in this business 25 years venture between Keppel and I have never seen one scrapped.” Fels and Nakilat, Oman

Some have gone into Iran, and have been Drydock Company, and used as ? shing boat stations, he says. Asry in Bahrain, could all

With its entrance into the Middle East be potential competition.

in 1974, Lamprell is one of the more Drydocks World recently established players in the region. signed a memorandum of

After a turbulent 2012 that saw mul- understanding with Polish tiple pro? t warnings, Lamprell fought company MARS Fundusz back in 2013 with new directors, includ- Inwestycyjny Zamkniety ing Chief Executive Of? cer Jim Moffatt, (MARS Closed-End

Shelf Drilling Holdings Limited, which and, more recently, Chief Financial Investment Fund), which has 38 shallow water-focused jackup Of? cer Joanne Curin. The company also outlined an agreement rigs operating in the Arabian Gulf and underwent re? nancing. to cooperate on various elsewhere. Anderson says Shelf Drilling Lamprell’s bread and butter are opportunities in the off- is looking to either sell or reactivate four LeTourneau design jackups, of which it shore services rigs it has stacked, and is also looking at had seven in construction at the start of and maritime new builds. National Drilling Company December. November 2013 saw the deliv- sectors, includ- th (NDC), a subsidiary of ADNOC, lists ery of its 14 jackup drilling rig. ing the repair, 15 jackups. Noble Drilling operates 16 Lamprell’s heritage, however, is jackup refurbishment jackup rigs out of Qatar. rig refurbishment, which started in 1992, and conversion

UAE-based Millennium Offshore 15 years before the ? rst newbuild was and new build-

Services, operates six jackup accommo- delivered in 2007. ing of oil rigs.

Construction underway at dation units, most of which are con- To date, the ? rm has seen more than The latest

Lamprell, Hamriyah. verted drilling units. Its latest, the MOS 350 jackups docked for refurbishment, entrant is

Jim Mo