Business | Oil & Gas
Dubai-based company wins BassDrill drilling unit contract
Lamprell Plc, a Dubai-based oilfield services company, won a $204.5 million contract to supply BassDrill Ltd. with two drilling units.
- Bloomberg
- Published: 13:09 June 24, 2008
Dubai: Lamprell Plc, a Dubai-based oilfield services company, won a $204.5 million contract to supply BassDrill Ltd. with two drilling units.
The first unit, complete with living accommodation, will be delivered in 2009, the company said on Tuesday in a statement via the Regulatory News Service.
Delivery of a second unit is conditional on BassDrill raising the finance to fund the construction, Lamprell said.
More from Oil & Gas
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
