With a combination of new leadership and experienced employees, Lamprell builds on an impressive legacy
You’ll have to excuse Ian Prescott for being, well, energetic about Lamprell. The company’s new ownership and new board brought Prescott — a veteran of four decades in the energy sector — on as CEO in April, and while he quickly learned there was a lot of hard work ahead, he also recognized that Lamprell carried a great legacy in the industry.
“It has a great reputation in terms of health and safety and also quality,” Prescott told BOSS about the UAE-based company which has been serving key oil and gas clients for nearly 50 years and renewables clients for about 15 years. “I wanted to build upon that, rebuilding that brand and making sure we emphasize it.”
He also discovered that while there were a lot of new faces in management, around 1,000 of Lamprell’s approximately 6,000 employees have been with the company for more than 15 years. That legacy wasn’t a thing of the past, it was a living one embodied by the Lamprell workforce. And while Prescott won’t be joining the ranks of “Lamprell’s Got Talent” contestants who showcase their skills outside of work in a company-wide competition, he can’t stop singing the praises of the people who built that reputation.
As he worked to rebuild relationships with clients and win new business, he leaned on that reputation.
“I’m very pleased to say in a relatively short space of time, the team has managed to secure over $1 billion worth of new business, which is obviously fantastic for the organization and a great credit to all of our people.”
Areas of Expertise
That legacy built Lamprell into one of the key EPCI contractors in the Middle East and across the globe. The firm first got involved in renewable energy projects in 2007 and in 2023 rolled out a production line servicing the wind farm development sector.
In its traditional oil & gas sector, rigs, both new builds and refurbishments, are a specialty of Lamprell’s as well, with its 29th newly built rig delivered in 2023 and the 30th slated for early 2024. On the refurb side, 2023 was a record year for Lamprell in terms of volume.
Rounding out Lamprell’s business solutions offering are Offshore EPCI, which covers engineering and installation of jackets and topsides, and Onshore EPC, which does small onshore engineering and construction projects across the Middle East; labor hire company O&M with a workforce of around 1,000 tradespeople and administrators that also provides materials and equipment to clients; and Sunbelt, which provides gas detection equipment and PPE across the region.
“We’re planning to expand a lot across the region, and particularly into Saudi Arabia,” Prescott said.
With increased activity in the renewables sector in Europe, Lamprell is growing there as well. With wind farm projects in development in the coastal U.S., the company is closely engaged with developers stateside.
“Our production line here is of great attraction to those projects because of the quality and cost efficiencies that it can deliver,” Prescott said. “Given the macroeconomic conditions, both in the renewables sector and in oil and gas, there’s huge demand for fabrication, and certainly demand is outstripping supply.”
Onshore in the U.S., Lamprell is in talks with LNG and petrochemical organizations regarding modularized delivery of plants to combat labor and cost pressures.
“That’s an area where we really believe we can add value,” he said.
Name a type of energy project, and there’s a high probability that Lamprell has done it before.
“There aren’t too many project applications these days that we haven’t got some form of experience in. We’ve delivered, whether it’s in the renewables sector, in the provision of installation vessels, or transition pieces for wind farm developments. In oil and gas, we’ve serviced many on- and offshore rigs, and goodness knows how many modules and topsides for various developments. We have a huge track record that we can call upon, and we have the people that have been involved in those developments.”
Sustainable & Digital
As Lamprell’s involvement in renewables goes back a long way, so does its sustainability management plan at its own facilities. More than 90% of its waste is recycled, and the company is looking to add solar power to its Middle East facilities and strives to reduce its diesel usage to improve its carbon footprint.
As for other forms of sustainable operations, Lamprell has a long history in digitization and works with key clients such as Aramco providing digital twin technology on projects. This earned Lamprell the Best in Operations Hexagon award in 2023. The firm also works with Akselos on digital twins and footprints for Lamprell and external projects.
“Finally, we have a robotic welding group within the organization, where we’re looking at how that can improve our productivity,” Prescott said.
When he came to Lamprell, Prescott was particularly impressed that the company’s values of safety, fiscal responsibility, integrity, accountability, and teamwork were not merely stated, but lived.
“I’m pleased to say we have an absolute world-class safety record” with a total recordable incident rate of 0.08 for 2023, he said. Prescott went on to say that “performance like this doesn’t happen by accident, it takes a great deal of focus and hard work, which is something we are extremely proud of.
“We also try to drive fiscal responsibility right through the organization. We like to ensure we uphold the highest levels of integrity at all times, both internally and externally with our clients and other stakeholders. From myself right throughout our organization, everybody is accountable for everything they do. This company is synonymous with teamwork; there’s great camaraderie. Everybody does really want to work together and play together.”
As Lamprell grows, training and development is incredibly important to get new hires up to the standards those veterans of 15-plus years have set. The Lamprell Assessment and Training Centre conducts over 600 courses for current and new staff members. The company also sponsors employees in educational pursuits that will help them develop as individuals and add value to the organization. Extracurriculars such as “Lamprell’s Got Talent,” bowling and soccer competitions help build camaraderie.
Prescott and the new ownership have asked a lot of the team, and they’ve delivered glowing results thus far. That’s both a testament to their abilities and a measure of their ambition and commitment to take things even further.
“Ian Prescott can’t do this alone, our management team can’t do this alone. We need every single person in the company driving hard,” he said. “I must give sincere thanks and gratitude to all of the people in our company. During our first townhall together, I asked all of our people to get behind what we were doing and join us on this journey, everybody did get on the bus, and it’s been an incredible journey since then. We’ve achieved a huge amount in a relatively short period of time.”
The management team and ownership are incredibly ambitious, Prescott said, “I can see nothing but an amazing future for this company and everybody involved in it.”
Lamprell is a key player in the renewables and oil & gas energy markets with over 45 years’ experience delivering world class projects. We design and provide assets and services that help our clients to produce energy safely, efficiently and cost-effectively.
Lamprell provides engineering, procurement, construction and other contracting services to the energy industries. We build high-quality complex onshore and offshore process modules, platforms and wind farm foundations for our clients, and hold leading market positions in jackup rig and liftboat projects. We also deliver land rigs, rig refurbishment projects, and provide related oil & gas contracting services.
We serve clients from many international locations and our business model is designed to be flexible and resilient enough to be able to support this broad customer base and deliver sustainable and profitable performance over the long term.