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Saipem awarded offshore drilling contract by Aker BP

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Oilfield Technology,

Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway.

The operations are expected to start from the end of 4Q22, upon termination of the works in which Scarabeo 8 is currently engaged.

Scarabeo 8 is a Saipem semi-submersible drilling rig able to work in harsh environments. It is a dual derrick deepwater unit with a dynamic positioning system and with enhanced mooring capabilities.

The contract duration is 3 years for an approximate value of US$325 million. The contract also includes the option of two 1-year extensions and encompasses potential upsides among which a performance bonus scheme and a mechanism of rate adjustment to market rates from the third year onward.

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The issue starts with a report from Rystad Energy focusing on the outlook for the upstream industry in the Middle East. The rest of the issue is dedicated to features covering production optimisation, drill bits, pipeline integrity, health and safety, and more.

Exclusive contributions come from Varel Energy Solutions, Rystad Energy, Gyrodata, 3X Engineering, Tracerco, Ulterra Drilling Technologies and more.

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