OREANDA-NEWS. Lamprell (ticker: LAM), a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, announces the completion of construction on the jackup rig "Jindal Pioneer" and its delivery to Dev Drilling Pte Ltd of Singapore, a D. P. Jindal Group Company, on time and within budget.

The contract for the "Jindal Pioneer" rig was signed in January 2013 and this is the second rig with the LeTourneau Super 116E (Enhanced) Class design which Lamprell has delivered to this client. This latest rig has been delivered following the completion of the first rig, the "Jindal Star" which successfully sailed away from Lamprell's Hamriyah facility in Q4 2013 and is currently deployed in the Bombay high oilfield, run by India's Oil and Natural Gas Corporation (ONGC), offshore India.

The "Jindal Pioneer" rig was officially named, and completion was marked, at a ceremony held at Lamprell's Hamriyah facility in the United Arab Emirates in January.

This rig is the 12th Super 116E jackup drilling unit that the Group has delivered to various clients during the last seven years. The Group currently has seven new build jackup rigs under construction at its Hamriyah facility and the construction of the further two new build jackup rigs recently awarded by another client are due to start shortly.

Raghav Jindal, Managing Director, Dev Drilling Pte Ltd., commented:

"The D.P. Jindal group continues to stride ahead in the upstream sector with the delivery of the "Jindal Pioneer". This LeTourneau Super 116E rig is the second rig of its kind and the fifth new generation rig in our expanding fleet of high specification jack ups. We are confident that she will earn many laurels for the group in the coming decades and look forward to strengthening our relationship with Lamprell over the coming years with more advanced and versatile rig designs."

Commenting on the delivery, Jim Moffat, Chief Executive Officer, Lamprell, said:

"The "Jindal Pioneer" rig is the first major project that Lamprell has delivered in 2015 and I am delighted that it has been to world class standards of quality, on schedule and within budget. Lamprell continues to deliver high quality products within its core business areas and we are proud to mark another significant achievement in the new build jackup area with the completion and delivery of this new project to the Jindal Group. We are pleased to have had this further opportunity to work alongside an important client like the Jindal Group and we look forward to collaborating with them again in the future."