Saipem nets $500M in drilling contracts

Saipem - Press Release
Tuesday, November 27, 2012

Saipem has won new onshore drilling contracts worth approximately $500 million, the company announced on 23 November 2012.

Saipem will utilize 13 rigs, three of which will be new purpose-built units, for work in Saudi Arabia, South America and Kazakhstan.

Saipem has signed three-year contracts with Saudi Aramco to commence at different periods in 2013. The contracts include rigs already operational in the Kingdom and the transfer of rigs from other areas, along with new purpose-built units. The contracts awarded represent a further consolidation of the relationship between Saipem and its key client Saudi Aramco, as well as Saipem's growing presence in the Kingdom.

Saipem has been also been awarded contracts for the utilization of two rigs in South America, for one and two years respectively, and one contract in Kazakhstan for the charter of a further rig for a period of eight months. These contracts are starting in the fourth quarter of 2012.

Categories: Middle East Drilling South America

Related Stories

Strohm Wraps Up Deepwater TCP Trials for Petrobras

Strohm Wraps Up Deepwater TCP Trials for Petrobras

Arabian Drilling Secures Five Jack-Up Rig Extensions

Arabian Drilling Secures Five Jack-Up Rig Extensions

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Current News

Industry Partners Deliver Largest Unified OBN Dataset in Norwegian North Sea

Strohm Wraps Up Deepwater TCP Trials for Petrobras

Fugro Gets On Board Ireland’s Offshore Grid Development Project

Dolphin Drilling Lines Up $105M Payment for Rig Deal Termination in Nigeria

Subscribe for OE Digital E‑News

Offshore Engineer Magazine