Lamprell Secures $90 Million Vessel Upgrade Contract
September 26 2016 - 02:41AM
Dow Jones News
LONDON--Lamprell PLC (LAM.LN), a provider of engineering
services to the energy industry, said Monday that it has secured a
$90 million contract to transform a shipping vessel into an
accommodation service vessel for Statoil's {STL.OS) Johan Sverdrup
field located offshore Norway.
The company received the new contract from Jacktel AS, a unit of
Master Marine AS, and is for the upgrade of the mobile operating
unit "Haven." The upgrade of the vessel is scheduled to complete in
the second quarter of 2018.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
September 26, 2016 02:26 ET (06:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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