Then it began to diversify into the new construction market for the offshore oil and gas sector.
[2][3] [4] In 2005 Lamprell completed his Oilfield Engineering Facility at Jebel Ali, with the capacity to undertake five major land rig upgrade and refurbishment projects at any one time.
Lamprell became a public company and was admitted to the London AIM market on 16 October 2006.
[2] In 2009 Lamprell was 178 on the Sunday Times UK Rich list with an estimated £300 Million.
[6] The fall in oil prices has lowered the value of rig contractor Lamprell Energy, which was nearly £1.2 billion in mid-2008 but is now down to about £193m.