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Saipem Awarded New Onshore Drilling Contracts

Source: www.gulfoilandgas.com 9/19/2006, Location: Middle East

Saipem has been awarded 13 new contracts for the charter of onshore drilling rigs worth an estimated total of USD 280 million. Drilling will take place in Saudi Arabia, Kazakhstan, Algeria, Egypt, Peru and Venezuela, for periods ranging between 4 months and 5 years, depending on the terms of each contract.

These contracts allow Saipem to further consolidate its position in those areas where it has a long-standing presence in its onshore and offshore construction business, taking advantage of synergies and leveraging local content.

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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

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