Offshore drilling

Saipem has secured new offshore drilling contracts worth $540m from clients operating offshore Indonesia, Nigeria, the Arabian Gulf and West Africa.

In Indonesia, Eni Muara Bakau has contracted Saipem’s Scarabeo 7 vessel to drill a minimum of 12 wells, which are expected to be completed in the first quarter of 2017.

The rig, which has a capacity to operate in water depths of up to 5,000ft, will remain under contract with Eni until February 2018.

In West Africa, the contract for the second generation semi-submersible rig Scarabeo 3 has been extended to March 2015.

The Scarabeo 3 rig is capable of operating in water depths of about 1,500ft.

UAE’s National Drilling Company (NDC) has also extended the contract for the jackup rig Perro Negro 2 for two years, commencing from January 2015, for activities in the Arabian Gulf.

"The Scarabeo 3 rig is capable of operating in water depths of about 1,500ft."

In Ecuador, EP Petroamazonas has extended the charter of the jackup rig Ocean Spur, operated by Saipem, for ten months until the end of the first quarter of 2015.

Both the Ocean Spur and the Perro Negro 2 jackups are capable of operating in water depths of around 300ft.

Apart from the offshore deals, Saipem was also awarded new onshore contracts worth approximately $310m relating to 31 drilling rigs in South America, which include 21 in Venezuela, seven in Peru, two in Colombia and one in Ecuador.


Image: Saipem has secured new offshore drilling contracts worth $540m. Photo: courtesy of njaj / FreeDigitalPhotos.net.

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