Saipem Wins Saudi Aramco Drilling Contracts
Saipem has been awarded new onshore drilling contracts in Saudi Arabia worth approximately $250 million.
Saipem signed five contracts with Saudi Aramco for the charter of 2,000-HP and 1,500-HP onshore drilling rigs. The contracts are set for periods from 3 to 5 years, starting at different times between the second half of 2012 and the third quarter of 2013.
In view of the contracts signed, Saipem will be expanding its onshore fleet by buying three new rigs, while the rest will be transferred to Saudi Arabia from other areas.
The awarding of these contracts further strengthens Saipems long-standing relationship with Saudi Aramco, a key client, and reinforces its presence in the country, where it is already operating 2 jackups and 10 onshore rigs and is carrying out important onshore and offshore EPC contracts.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 44 Offshore Rigs
- Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018 (Oct 18)
- Saudis Said to Weigh Delaying International Part of Aramco IPO (Oct 13)
- How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015 (Oct 10)
Company: Saipem more info
Manages 12 Offshore Rigs
- Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant (Sep 15)
- Saipem to Build Pipelines for Kuwait Refinery Project (Aug 16)
- Saipem Warns On Profits After Falling To 2Q Loss (Jul 25)