StockMarketWire.com - Lamprell subsidiary Lamprell Energy Limited has signed a memorandum of understanding with Saudi Aramco (the national oil company of Saudi Arabia), the National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries in connection with a potential partnership collaboration on establishing a maritime complex in Saudi Arabia. The intended complex will provide engineering, manufacturing and repair services for offshore rigs, commercial vessels and offshore service vessels. The MOU, which was signed yesterday, covers joint participation and due diligence on all activities and work streams required to make a Final Investment Decision by all participating parties.




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