Saipem wins drilling deals worth US$1.7bn

34404151175 69b54d1837 cItalian oil and gas industry contractor Saipem has been awarded new contracts and extensions on existing contracts in onshore drilling and offshore drilling for an overall amount of approximately US$1.7bn

The contracts related to the onshore drilling division encompass 19 land-rigs located in the Middle East, with power between 1500 and 2000 HP, and their duration range from three up to ten years.

In addition, new contracts and extensions on other existing contracts have been assigned for new works that will be executed in Bolivia, Perú and Romania, Saipem stated.

The contracts related to the offshore drilling division concern activities to be executed in Norway and in Angola.

Stefano Cao, CEO of Saipem, commented, “The award of these contracts proves the solidity and reliability of the operational performance of our drilling divisions and further strengthens Saipem’s long-time presence in strategic areas of the world.”

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