Saipem Wins Contracts for Semisub, Jack-up

Saipem Wins Contracts for Semisub, Jack-up
Two contracts are valued at more than USD $200 million.

Saipem S.p.A. reported Friday that it has won two new offshore drilling contracts with a total value exceeding USD $200 million.

Germany-based Wintershall has secured Saipem’s Scarabeo 8 semi-submersible rig for ongoing operations offshore Norway, Saipem stated. The drilling contractor noted that the Scarabeo 8 contract includes two wells and an option for two additional wells. The firm expects the rig mobilization period to extend until approximately the second quarter of 2020.

According to Saipem’s website, the Scarabeo 8 is designed to operate in harsh environments and features unmanned operation drilling units. The dynamically positioned unit, which can drill to a depth up to 35,000 feet (10,660 meters), can operate in the Barents Sea year-round, the company added.

“With this contract, Saipem consolidates its presence in the North Sea-Norwegian Sector and extends its client base in Offshore Drilling to a new important player,” Saipem noted in a written statement emailed to Rigzone.

Saipem stated that its second contract involves a four-year extension for the use of its high-specification Perro Negro 7 jack-up in the Middle East. The company, which stated that work under the contract began during the first quarter of 2019, did not name the client in its written statement.


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