More Deals for Saipem
After announcing $800 million of pipeline work in Mexico and Australia Thursday, Friday saw oil sector services firm Saipem report $500 million of onshore drilling contracts.
The Italy-based company said it had been awarded the contracts for drilling work in Saudi Arabia, South American and Kazakhstan. The deals mean that 13 rigs will be used and three of these will be purpose built.
In Saudi Arabia, Saipem has signed contracts with Saudi Aramco for the charter of several rigs, including rigs already operational within the kingdom. The contracts are for three-year terms and will begin at different times during 2013.
In South America, the company has been awarded contracts for two rigs for periods of one and two years respectively, while it has won one contract in Kazakhstan for the charter of a further rig for a period of eight months. All these contracts will begin before the end of 2012.
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
- CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV (Jan 18)
- Tellurian Set to Boost Louisiana Gas Holdings Tenfold (Jan 16)
- Saudis Seen Counting on 80% Surge in Oil Income to Balance Books (Dec 27)
Company: Saipem more info
Manages 12 Offshore Rigs
- Sanction-Proof Oil Rig Beats US Policy From Cuba to Russia (Dec 19)
- Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant (Sep 15)
- Saipem to Build Pipelines for Kuwait Refinery Project (Aug 16)