StockMarketWire.com - Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry, has reported that it continues to deliver strong operational performance across all of its facilities.

It says all current projects are progressing well and Lamprell's yards are seeing high levels of activity. In the last few weeks the company completed the load out of the first pipe racks for the UZ750 project, which will be installed in Abu Dhabi, with other phased deliveries to be made in the coming months.

It has announced that it remains on track to deliver 2015 results in line with previous guidance.

James Moffat, chief executive officer, Lamprell, said: "While Lamprell isn't immune to on-going headwinds in the oil & gas markets, we are pleased to see that our early implementation of the efficiency measures under Project Evolution has positioned the Group to be competitive, which will be key for our future success.

"These actions have allowed us to retain and even build our project workforce, improve our efficiency levels to maintain operational performance, and remain commercially competitive in an environment of increased pricing pressure. From this position of relative strength, we remain positive about Lamprell's longer term prospects as the pipeline is strong with a firm focus on conversion."



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