Lamprell to partner with Aramco for maritime yard project Shares in builder of oil rigs surge as much as 14 percent Shares in Lamprell Plc gained the most in more than two years after the builder of oil rigs partnered with Saudi Aramco to develop the biggest maritime yard in the region. Saudi Arabian Oil Co., also known as Aramco , established a joint venture with the kingdom’s national shipping company Bahri, South Korea’s Hyundai Heavy Industries Co. Ltd. and Lamprell to develop and operate the $5.2 billion project located at Ras Al-Khair on the east coast. Lamprell shares gained as much as 14 percent to 115 pence and traded at 111.75 pence at 11:01 a.m. in London. “The integrated maritime yard will be the largest in the region in terms of production capacity and scale,” according to Aramco’s statement . The facility will serve “offshore oil and gas […]