Company: Lamprell Group
Steven Lamprell has played a prominent role in the development of the offshore energy industry in the Gulf for over 30 years, more recently providing specialised services to the onshore and offshore oil and gas industry, and amassing a personal fortune estimated at $450m. The British businessman founded Lamprell in the late 1970s, which expanded to include three sites in the UAE and a facility in Thailand. Lamprell commenced its first accommodation jackup rig conversion in 1989 and the refurbishment of its first jackup drilling rig in 1992. The company continued to focus its efforts on this business activity until the late 1990s, when it began to diversify into the new build construction market for the offshore oil and gas sector. The company was successfully listed on London’s Alternative Investment Market (AIM) in October 2006, at which point Lamprell became company president, tasked with bolstering relationships with individuals, companies and governmental bodies important to the ongoing success of the group. In 2008, it moved to the UKLA official list of the London Stock Exchange.