Executive Summary
Lamprell has played a prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the onshore and offshore oil and gas industry. Lamprell’s three primary facilities are in Port Khalid and the Hamriyah Free Zone, both of which are in the Emirate of Sharjah in the United Arab Emirates ("UAE"), and in the Jebel Ali Free Zone, in the Emirate of Dubai, also in the UAE.
Further afield, Lamprell has recently expanded into Thailand, through the Sattahip facility, in response to customer demand to refurbish jackup rigs which will be required to operate in the region. Lamprell has grown strongly over the last three years, driven by buoyant conditions in the oil and gas industry and the increase in capacity with the opening of the Hamriyah facility in 2007.
Lamprell was successfully listed on AIM in October 2006 and has continued to grow significantly, winning the "Best newcomer to the AIM Market" award in 2007.
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