Saipem Secures New Drilling Contracts

Saipem has been awarded new drilling contracts and extensions to existing contracts in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin America, with a cumulative value of approximately Euro 150 million ($170 million).

Among the awards is a contract with Eni Portugal B.V. for the utilization of the Saipem 12000 (UDW drillship) during the third quarter of 2016 and a contract with Eni Norge for the Scarabeo 8 (UDW semisub), which has been extended up to October 2017.

In onshore drilling, Saipem has been awarded new contracts by a number of different clients relating to land drilling rigs in South America, Saudi Arabia, Kazakhstan and Morocco. The contracts will start during 2016 and have terms that vary from two months to two years.



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