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.
Read the latest issue of Oilfield Technology in full for free: Issue 4 2021
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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/17032022/saipem-awarded-offshore-drilling-contract-by-aker-bp/
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