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Saipem nets drilling contracts worth US$ 850 million

Oilfield Technology,

Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America, worth approximately US$ 850 million.

Around US$ 540 million of these contracts are related to offshore activity, and refer to four different units of Saipem’s fleet.

Saipem has signed a contract with Eni Muara Bakau B.V. for the use of the Scarabeo 7, which will be operating offshore Indonesia drilling a minimum of 12 wells. The project is due to be completed in first quarter 2017.

The vessel will remain under contract with Eni until February 2018. Scarabeo 7 is a fifth generation semi-submersible drilling rig, capable of operating in water depths of up to 5000 ft.

In addition, in West Africa the contract for the Scarabeo 3 has been extended to March 2015. Scarabeo 3 is a second generation semi-submersible drilling rig, with capacity to operate in water depths of up to 1500 ft.

NDC has also extended the contract for the jack-up rig Perro Negro 2 for 24 months, starting from January 2015, for activities in the Arabian Gulf.

In Ecuador, EP Petroamazonas has extended the charter of the jack-up rig Ocean Spur by 10 months, operated by Saipem until the end of the first quarter of 2015. Both these jack-up are rigs capable to operate in water depths of up to 300 ft.

In relation to onshore drilling, Saipem has been awarded by different clients new contracts worth approximately US$ 310 million, relating to 31 drilling rigs in South America: 21 in Venezuela, seven in Peru, two in Colombia and one in Ecuador.

Adapted from press release by Katie Woodward

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