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Italian contractor Saipem lands $550mln offshore drilling deals

Saipem, a leading company in the engineering, drilling, and construction of major projects in the energy and infrastructure sectors, has secured two offshore drilling contracts worth nearly $550 million. Of these contracts, one is in the Middle East where it had ensured the continuity of the ongoing activity of the Perro Negro 7 jack-up drilling unit from the second half of the year by securing a ten-year extension to the existing contract. According to Saipem, the Perro Negro 7 is a jack-up capable of operating in up to 375 ft of water depth.

Link: https://www.zawya.com/en/business/energy/italian-contractor-saipem-lands-550mln-offshore-drilling-deals-a3ntw8m4  

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