Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa for a total amount of approximately $800 million. the company announced today.
In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units chartered by third parties for drilling and workover activities on the specific projects.
Both the projects are scheduled to start between the third and the fourth quarter 2023. The third contract encompasses the five-year extension for an existing contract for the high-specification Jack-Up unit Sea Lion 7, highly versatile self-elevating drilling unit able to operate up to 375 feet water depth.
Saipem was ranked as one of the top EPC contractors in the Middle East region by Oil & Gas Middle East in its top 25 EPC contractors list.
In West Africa, Saipem has been awarded two contracts in the ultra deepwater segment for drilling operations. The first contract has been awarded by Eni for drilling operations offshore Ivory Coast, which are expected to start in the fourth quarter 2022 and extending the current activities of the rig in the area of about six months.
The second contract has been awarded by Azule Energy for drilling, completion and testing of development and exploration wells offshore Angola in Block 15/06 operated by Eni Angola S.p.A.
These long-term awards in the Middle East confirm Saipem strategy towards this key area for its business and the awards in West Africa secure the continuity of operations in line with Saipem strategy for the ultradeepwater market in this area.