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Saipem: new contracts worth approx. 1.7 billion dollar

Works will be executed also in Romania

27 December, 16:22
(ANSA) - MILAN, 27 DEC - Saipem has been awarded new contracts and extensions on existing contracts in Onshore Drilling and Offshore Drilling for an overall amount of approximately 1.7 billion USD, the company said in a statement today.

The contracts related to the Onshore Drilling Division encompass 19 land-rigs located in 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, Perù and Romania, Saipem said, adding that the contracts related to the Offshore Drilling Division concern activities to be executed in Norway and in Angola.

"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," said Stefano Cao, CEO of Saipem.

(ANSA).

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