Lamprell says year-to-date performance lin line

(Reuters) - Lamprell (LAM.L), an oil and gas services company operating in the Arabian Gulf, said on Monday its year-to-date performance was broadly in line with its expectations, while trading conditions remained challenging.

The company also said it started establish a number of strategic agreements with various suppliers and that it expected to achieve significant cost savings throughout 2009 and beyond from these initiatives.

"We have continued to see high levels of enquiries for our services in most sectors of our business," it said in a statement.

Lamprell said its order book at the end of April was about $487 million (321.1 million pounds), comprising about $426 million from engineering, procurement and construction (EPC) projects.

The company, which remains optimistic of its promising long-term prospects, said its financial position had not changed significantly from December 31.

Lamprell shares closed at 110.25 pence on Friday on the London Stock Exchange.

(Reporting by Ramkumar in Bangalore; Editing by Gopakumar Warrier)