Lamprell’s business started in 1976 in the United Arab Emirates (UAE) when members of the Lamprell family moved to Dubai. For the first two decades the company focused on small offshore energy sector projects ranging from repair and modification of drilling rigs, accommodation modules and land camps to the overhaul of cranes, winches and other rig machinery. Lamprell commenced its first accommodation jackup rig conversion in 1989 and the refurbishment of its first jackup drilling rig in 1992. The Company continued to focus its efforts on this business activity until the late 1990's, when it began to diversify into the new build construction market for the offshore oil and gas sector.
In collaboration with FPSO owner/operator SBM and the builders at Dubai Drydocks (now Drydocks World), Lamprell produced a number of complex modules for several high-profile FPSO projects between 1998 and 2003 and opened the eyes of the energy sector to the industrial capabilities to be found in the UAE. The company started formalizing along corporate lines in 1992, when the family brought in a CEO, Peter Whitbread, who over the next 17 years led the business from approximately $8 million in annual revenue to roughly $300 million, focusing mostly on jackup rig repair, conversion, upgrades and modifications and fabrication of FPSO topsides.
In 2007, Lamprell extended its new build expertise into the renewable energy sector with awards for the construction of self-propelled, self-elevating, Class2 DP liftboats and wind farm installation vessels. Lamprell was listed on the London AIM in 2006 and moved to the UKLA official list of the London Stock Exchange in 2008. The Company’s business growth required further expansion of its facilities which grew from one yard in Sharjah (UAE) to two other facilities, Jebel Ali and Hamriyah (both also in the UAE).
In July 2011, Lamprell acquired Maritime Industrial Services (MIS) expanding the Group’s services, customer base and the geographical range of its operations in addition to its facilities and capabilities. With great expansion came great challenge, and in 2012 the company experienced the most unsuccessful year in its history, posting profit warnings amid job delays and other setbacks. As a result, the management team and Board were replaced and in March 2013 a new CEO Jim Moffat, assisted by ex CEO Peter Whitbread, took over the day to day operations of the business, helping the company return to profitability.
Today, with head offices in Dubai, seven bases of operation in the United Arab Emirates, Kuwait and Saudi Arabia and approximately 10,000 employees worldwide, Lamprell is a far different organization from the family-owned operation that opened for business in 1976.
1976: Established in UAE as a family engineering business by the Lamprell family in Dubai before moving to Port Khalid in Sharjah in 1987
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1989: Commenced first accommodation jackup rig conversion
1992: Commenced first jack up drilling rig refurbishment
1994: Lamprell established their own Inspection Company “Inspec”
1996: Lamprell oilfield engineering commenced operations, repairing and assembling land rigs and land rig camps in Al Jadaf (Dubai) and Port Khalid, Sharjah
2000: Lamprell enters into the new build offshore construction market building its first topsides for Uni Thai
2002: New Jebel Ali fabrication facility operational to cater for the growing FPSO topside and module market
2006: Lamprell lists on London’s Alternative Investment Market (AIM)
2007: Lamprell entered the wind installation vessel market with contracts for the Seajacks Kraken & Leviathan
2007: Lamprell entered the new build jackup market with contracts for the Offshore Freedom & Offshore Mischief Drilling jackups for Scorpion Offshore
2008: The company listed on the UKLA official list of the London Stock Exchange (FTSE 250)
2009: Lamprell delivers its first self-elevating, self-propelled liftboats, the Kraken & Leviathan for client Seajacks
2011: Acquisition of MIS, Lamprell Group expands into new markets and new geographies including facilities in Dubai Investment Park, Jubail in Saudi Arabia and an Oilfield Supply Center in Jebel Ali
2011: Lamprell’s expands further to cater for the expanding new build jackup market and opens its Hamriyah facility which is officially inaugurated by Sheikh Dr. Sultan bin Mohammad Al Qassimi, Supreme Council Member and Ruler of Sharjah
2013: Lamprell delivers their 14th new build jackup drilling rig
2013: Lamprell delivers their fifth wind turbine installation vessel
2013: Lamprell opens its own on-site training centre in Sharjah
2013: Lamprell delivers their first wellhead deck for the North Sea to client Nexen
2014: A further wind turbine installation vessel to be delivered to client Seajacks
2014: Lamprell sells off non-core Inspec service business to refocus on its core activities
2014: Lamprell achieves Guinness World Book of Records status for the ‘Heaviest load moved by self-propelled modular trailers (SPMTs)’ for delivery of the Nexen PUQ deck for the North Sea Golden Eagle Area development weighing 13, 191.98 tonnes