Saipem Awarded Onshore Drilling & Offshore E&C Contracts

Source: www.gulfoilandgas.com 6/28/2022, Location: Middle East

Several onshore and offshore contracts totaling over $1,250 million USD have been given to Saipem in the Middle East. In the first set of agreements, onshore drilling contracts in the Middle East will be extended for a combined total of almost 600 million US dollars. The contracts for four land rigs in the Middle East will be extended for ten years as a result of the awards. The land rigs, which have 1,500 to 2,000 HP of power, will be used in the region's ongoing operations for exploration and production tasks in a variety of oil and gas fields.

In addition, Saipem has been chosen to receive four additional Middle Eastern contracts. The engineering, procurement, construction, and installation of several offshore jackets, decks, subsea pipelines, subsea composite cables, umbilicals, fibre optic cables, and brownfield modifications are all included in the contracts' scope of work. The contracts have a total estimated value of USD 650 million.


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