Saipem Wins Contracts In Brazil, Angola Worth A Total $600M
MILAN, July 15 (Reuters) – Italian oil services company Saipem said on Tuesday it had won contracts in Brazil and Angola worth a combined $600 million.
Under the Brazilian contract, Saipem will lease its Cidade de Vitoria floating production storage and offloading (FPSO) vessel to Petrobras for an additional four years and will also carry out work to upgrade the vessel.
Saipem, which is 43 percent owned by oil major Eni, was also awarded a lease extension and operation contract for the Gimboa FPSO in Angola, it added in a statement.
(Reporting by Agnieszka Flak, editing by Danilo Masoni)
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.
- Murphy Oil and Petrobras to Form Gulf of Mexico JV (Oct 11)
- Offshore Brazil Contract Extension Goes to Transocean (Sep 28)
- Union: Petrobras Plans To Start Reopening Replan Refinery In 48 Hours (Aug 22)
Company: Saipem more info
- Saipem-led JV Wins Contract for LNG Project in Nigeria (Jul 13)
- Three Drilling Contractors Advance in Rigzone Employer Survey (May 24)
- Saipem Scouting Around as Subsea 7 Bid Makes Waves (Apr 24)