Global and Regional MarketsNewsThe Offshore Frontier

Saipem awarded new contracts offshore Middle East, West Africa

Saipem has been awarded new contracts for drilling offshore the Middle East and West Africa for a total of more than $400 million.

Two contracts have been awarded in the Middle East for two high-specification jackups, consisting of drilling and workover operations for a duration of five years. The start of operations is scheduled for Q4 2022. Each contract includes options for two additional years. These projects will involve one Saipem jackup and a new high-specification jackup chartered from CIMC Group for the project.

Another contract was awarded by Eni for a drilling campaign offshore West Africa, with operations expected to start in April 2022 in continuity with previous activities. The contract will be executed by Saipem 12000, a sixth-generation ultra-deepwater drillship. The contract duration is for six months plus optional periods for an additional 10 months.

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