Global and Regional MarketsNewsThe Offshore Frontier

Saipem exercises purchase option for Santorini drillship

Saipem has exercised its purchase option on the seventh-generation Santorini drillship, which is already operating within the Saipem fleet by way of a long-term charter agreement signed with Samsung Heavy Industries in 2021. The exercise price of the purchase option is $230 million.

The Santorini, whose construction was completed in 2021, is equipped with two seven-cavity BOPs and automation systems. The vessel is currently in operation in the US Gulf of Mexico for the execution of a contract with Eni expiring in Q3 2023.

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