Saipem has been awarded new drilling contracts and extensions to existing contracts in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin America, with a cumulative value of approximately Euro 150 million (US$170.48 million).
Eni awarded Saipem a contract for the use of the Saipem 12000, which will operate offshore Portugal. The work will be performed during Q3 2016. Saipem 12000 is a sixth generation ultra-deepwater drilling ship capable of operating in water depths of over 3000m.
In Norway, a contract with Eni for use of the Scarabeo 8 has been extended up to October 2017. Scarabeo 8 is a 6th generation semisubmersible drilling rig designed to operate in ultra-deep waters of up to 3000m.
In onshore drilling, Saipem has been awarded new contracts by a number of different clients relating to land drilling rigs in South America, Saudi Arabia, Kazakhstan and Morocco. The contracts will start during 2016 and have terms that vary from two months to two years.