Saipem awarded new onshore drilling contracts
Posted: 25 September 2006
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Saipem has been awarded 13 new contracts for the charter of onshore drilling rigs worth an estimated total of US $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.
Saipem currently operates a fleet of more than 40 onshore drilling and workover rigs in Saudi Arabia , North Africa, Caspian, Latin America and Italy . An estimated half of these have the capability to drill to a depth of more than 6,000 meters.
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.
Saipem (43% owned by Eni) is a leader in the provision of Engineering, Procurement, Project Management and Construction services for the Oil & Gas Industry, with unique capabilities in designing and executing large scale offshore and onshore projects. Saipem has a strong bias for operating in deepwater and remote areas. It has significant technological competence in gas monetization and heavy oil exploitation |
