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Reuters  Jul 28  Comment 
Lamprell Plc , an energy services firm operating in the Gulf, will delay several projects and is expecting a 26-percent drop in revenue this fiscal year, its top executive said in remarks published on Tuesday.
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Lamprell Plc is a holding company engaged in the provision of specialized refurbishment and construction services to the oil and gas industry. The Company, along with its subsidiaries, is engaged in the upgrade and refurbishment of offshore jackup rigs, fabrication, assembly and new build construction for the offshore oil and gas sector, including jackup rigs, floating, production, storage and offloading and other offshore and onshore structures, oilfield engineering services, including the upgrade and refurbishment of land rigs. Lamprell has four facilities in three locations in the United Arab Emirates. Its major subsidiaries include Lamprell Energy Limited, Maritime Offshore Limited, Maritime Offshore Construction Limited, International Inspection Services Limited, Cleopatra Barges Limited, Lamprell plc employee benefit trust, Jebel Ali Investments Limited and Ahbab FZCO. Jebel Ali Investments Limited and Ahbab FZCO were acquired by the Company in June 2007.

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