Lamprell is a 20 per cent shareholder in IMI

The company’s 45-year legacy boosts Saudi Arabia’s Vision 2030, with key Aramco partnerships and local expansion driving industrial growth and innovation in energy


Since its inception in 1976, Lamprell has carved out a distinguished reputation as a premier provider of engineering, procurement, construction, and installation (EPCI) services in the global energy sector.

With over 45 years of industry expertise, the company has built a legacy of delivering world-class projects across the oil & gas and renewables sectors.

Under the aegis of Al Gihaz, a prominent Saudi-owned conglomerate, Lamprell has significantly bolstered its foothold within Saudi Arabia's industrial sphere. This strategic alignment has been pivotal in advancing the Kingdom’s ambitious economic and industrial objectives.

Lamprell's acquisition by Al Gihaz Holding represents a landmark moment, reflecting the company's deepening connections with Saudi Arabia.


PARTNERSHIP WITH ARAMCO: A CORNERSTONE OF SUCCESS

Since joining Aramco’s Long-Term Agreement (LTA) programme in 2018, Lamprell has become an integral player in Aramco’s offshore facilities projects.

This collaboration has allowed the company to undertake several critical projects, underlining its reputation as a reliable partner in the region.

Lamprell’s newly commissioned serial production line is actively producing foundation structures for the renewable energy sector

Currently, Lamprell is engaged in multiple offshore projects for Aramco, demonstrating its prowess in executing complex, large-scale industrial solutions. These initiatives are instrumental in supporting Aramco’s expansive plans for a more secure and sustainable energy future.

The company’s investment in the International Maritime Industries (IMI) facility, alongside Saudi Aramco, Bahri, and Hyundai Heavy Industries, plays a crucial role in advancing Saudi Arabia’s maritime ambitions.

The IMI facility, located in Ras Al-Khair, is set to become the largest maritime hub in the region, fostering job creation, skill development, and technological advancement in alignment with Saudi Vision 2030.

Through this partnership, Lamprell has successfully delivered significant projects, including the Kingdom 1 and Kingdom 2 offshore jack-up rigs.

The completion of Kingdom 2 also marks the 30th jack-up drilling unit constructed by Lamprell, highlighting its enduring commitment to the industry.

LAMPRELL KSA: EXPANDING LOCAL PRESENCE

Lamprell’s commitment to Saudi Arabia is further evidenced by the establishment of the Lamprell KSA (LKSA) office.

This strategic move ensures that it is well-positioned to respond to local market needs and contribute to the Kingdom’s industrial growth.

The LKSA office serves as a hub for its operations in the region, facilitating closer collaboration with clients and stakeholders.

This positioning also effectively enhances the company’s ability to support Aramco’s In-Kingdom Total Value Add (IKTVA) programme targets.

In line with its corporate social responsibility and commitment to local talent development, Lamprell has been actively involved in training apprentices as part of its LTA programme for offshore facilities projects with Aramco.

Lamprell’s UAE yard is currently fabricating multiple EPCI projects, all bound for Saudi Arabia

These initiatives are designed to equip young Saudis with the skills and knowledge required to excel in the industrial sector.

By investing in local talent, the company is contributing to the Kingdom’s long-term economic growth and workforce development.

Safety is a core value, and the company takes pride in maintaining world-class safety standards.

It continues to uphold an outstanding Total Recordable Incident Rate (TRIR) of 0.08, reflecting its commitment to ensuring a safe working environment.

This exemplary safety record is a testament to the company’s rigorous safety protocols and dedication to operational excellence.


PIONEERING RENEWABLE ENERGY SOLUTIONS

Lamprell is not just focused on traditional energy sectors; it is also making significant strides in the renewable energy space.

The commissioning of its world-class serial production line for the renewables industry clearly indicates Lamprell’s forward-thinking approach. This production line is designed to meet the growing demand for sustainable solutions, particularly in the offshore wind sector.

A recent highlight in the company’s renewables journey is the successful delivery of the Moray West offshore wind project.

This project, delivered to a highly satisfied client, has enhanced Lamprell’s reputation in the offshore wind industry.

The Moray West project showcases Lamprell’s capability to deliver complex renewable energy projects and its commitment to supporting the global transition to sustainable energy.

Building on its success in the renewables sector, the company has secured a substantial capacity reservation agreement for the Norfolk Vanguard project.

This agreement secures production capacity at Lamprell’s Hamriyah yard in the UAE, involving the supply of 184 wind turbine generator (15 MW) foundation transition pieces for the Norfolk Vanguard West and East Wind Farms, with shipping to the UK.

This agreement addresses the growing demand in the offshore wind fabrication industry and solidifies Lamprell’s commitment to investing in its facilities and delivering sustainable energy solutions.

This milestone reinforces Lamprell’s position as a leading fabricator of offshore wind foundation structures and its capacity to meet the increasing global demand for these solutions.


STRATEGIC OVERHAUL AND FUTURE OUTLOOK

In response to evolving market dynamics, Lamprell has undergone a strategic overhaul and refresh.

This comprehensive strategy update is aimed at positioning the company for sustained growth and success in the future.

By aligning its operations with market trends and client needs, Lamprell is well-equipped to navigate the challenges and opportunities that lie ahead.

Through local partnerships, training programmes, and operational excellence, the company’s strong commitment to the Kingdom supports Saudi Arabia’s Vision 2030.

In addition, Lamprell’s advancements in renewable energy positions it as a pioneer in sustainable industrial solutions.

As the company grows, it remains dedicated to delivering value to clients, stakeholders, and communities.

Embracing innovation and excellence, Lamprell is set to lead in both traditional and renewable energy sectors, contributing to a sustainable and prosperous future for Saudi Arabia and beyond.

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