Saipem awarded new contracts worth over $100M

Oil&Gas Materials 20 May 2019 13:21 (UTC +04:00)

Baku, Azerbaijan, May 20

By Leman Zeynalova – Trend:

Italy’s Saipem has been awarded new contracts in offshore drilling in Norway and the Middle East totalling over $100 million, Trend reports citing the company.

“One contract was signed with Repsol Norge AS for the drilling of a well for operations in Norway expected to commence in the third quarter of 2019. Works will be executed by the sixth-generation semisubmersible rig Scarabeo 8, a drilling unit capable of operations in harsh environments,” reads a message from Saipem.

Furthermore, Saipem said it has been awarded a new three-year contract in the Middle East.

“Operations are expected to begin in the fourth quarter of 2019 and involve the use of a high spec jack-up. For this project, a vessel operated by Saipem will be utilised. With these contracts Saipem strengthens and confirms its presence in key geographical areas such as Norway and the Middle East.”

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSight, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 60 countries worldwide and has 32 thousand employees of 120 different nationalities.


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