Lamprell enters negotiations for offshore wind contract

Lamprell 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*. Lamprell will now work with the client to confirm the terms of a reservation agreement that will secure capacity in Lamprell’s Hamriyah yard for the work as negotiations proceed towards contract award. The signing of preferred supplier exclusivity is a significant milestone in the contract process albeit it is not a guarantee of contract. The Group will provide further details of the project in the event of successful conclusion of negotiations.

(*Lamprell defines a very large contract as having a value in excess of USD 150 million)

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