International Maritime Industries (IMI) has signed two Rig Purchase Agreement’s with ARO; a world-class offshore drilling contractor that owns, operates, and manages a fleet of high-specification and premium jack-up rigs in Saudi Arabia, and a subsequent sub-contract settlement with long-term companions Lamprell Energy (LEL) to construct two Keppel LeTourneau Super 116E jack-up drilling rigs. The supply of the primary rig is anticipated in Q1 2022 and the second rig in Q2 2022.
“This award offers many advantages for IMI, together with switch of technical data and IP from LEL to IMI and a mechanism to deal with the event plans required for IMI workers, so that they purchase world class abilities in rig constructing and planning that may guarantee IMI is effectively outfitted to construct rigs independently in Ras Al Khair, as soon as IMI’s world class shipyard opens. LEL will help IMI to localize provide chain in Kingdom. These venture award’s will due to this fact contribute to the long-term progress of this new business in Saudi Arabia and can allow IMI to independently construct jack-up drilling rigs in Saudi Arabia to the best worldwide rig constructing requirements,” stated Fathi Okay. Al-Saleem, IMI Chief Executive Officer.
Commenting on the venture award, Kelly McHenry, CEO of ARO, stated: “ARO is dedicated to growing our presence within the area and we’re happy to achieve agreements that may allow us to make use of native manufacturing capabilities to help our fleet progress aims. Through these buy agreements, ARO will purchase two state-of-the-art jack-ups and we sit up for partnering with IMI on the supply of those rigs.”
“This venture award additional strengthens the enterprise relationship between IMI and its shareholders, in addition to contributing to the event of a localized Industry provide chain infrastructure, technical experience for Saudi Nationals, and a monitor document in jack-up rig constructing,” stated Al-Saleem.
International Maritime Industries, situated in The King Salman Complex for International Maritime Industries & Services at Ras Al-Khair, Saudi Arabia, would be the largest, full service maritime facility in MENA. When constructing is full, the annual capability of the ability shall be 4 new construct offshore rigs and over 43 new construct vessels together with VLCCs, along with servicing greater than 260 maritime merchandise.
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