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Lamprell named preferred supplier for offshore wind farm

4C Offshore | Tom Russell
By: Tom Russell 24/01/2022 Lamprell

Lamprell has announced that it has entered into exclusive negotiations as preferred supplier with an international client in the offshore wind industry for a very large contract.

The company stated that it will now work with the client to confirm the terms of a reservation agreement that will secure capacity in its Hamriyah yard for the work as negotiations proceed towards contract award.

Lamprell defines a very large contract as having a value in excess of USD 150 million. The group will provide further details of the project in the event of successful conclusion of negotiations.

Christopher McDonald, CEO of Lamprell, said: “We have seen a ramp up in bidding activity from Q4 2021 and we are currently in advanced stages of tendering with several potential clients across the globe, driven by the increased demand in both of our end markets of renewables and oil & gas. An emerging trend particularly in renewables sector is the introduction of reservation agreements to secure fabrication yard capacity for projects up to a year in advance We view these agreements as a very positive sign of forward planning and addressing limited capacity in the industry.”

Lamprell will issue a trading update on 7 February 2022.


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