Saipem, the major engineering, drilling and construction company in the energy industries, has secured two offshore drilling contracts, one in the Middle East and one in the Mediterranean Sea. Together, the two contracts are worth approximately $550 million.
In the Middle East, Saipem said it has secured the continuity of the ongoing activity of the Perro Negro 7 jack-up drilling unit from the second half of the year through a 10-year extension of the existing contract .
The Perro Negro 7, a jack-up capable of operating at depths of up to 375 feet and equipped with the most advanced equipment, meets the strictest regulations and the highest environmental standards, the company said in its statement.
The 10-year extension is a record length in the area, which in the past had only been granted to an international contractor on limited occasions, and further strengthens Saipem’s strategic positioning in the drilling segment, noted the company
“After having recently expanded its presence in the area from three platforms in 2021 to seven planned at the end of 2023, thanks to the acquisition of several multi-year contracts, with this contract renewal Saipem sees, once again, the recognition of its commitment to efficiently executing projects with attention to safety and the environment in the world’s leading shallow water market,” Saipem said in a company statement.
In the Mediterranean Sea, Saipem has been awarded a contract for the use of the semi-submersible unit Scarabeo 9 for an estimated period of about six months plus an optional period. The unit is a sixth-generation semi-submersible drilling rig equipped with a twin-boom platform and is capable of operating in ultra-deep water, i.e. at depths of up to 12,000 feet.
“The acquisition of this contract confirms the solid positioning of Saipem in the Mediterranean drilling market, an area that has been characterized over the years by appreciable stability and which is expected to contribute to maintaining high rates of ‘fleet utilization,’ Saipem said in its statement.
It is also worth remembering that in mid-May Saipem took on two new offshore contracts, one for an Engineering, Procurement, Construction and Installation (EPCI) project in the Black Sea and one for decommissioning activities in the north The total value of the contracts amounts to about 850 million dollars.
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