Construction

Saipem wins offshore drilling contracts in Romania, UAE

The contracts are worth over $160 million, and work is expected to start in Q4 2019

Italy-based Saipem has announced that its been awarded two contracts worth over $160 million in offshore drilling in Romania and Abu Dhabi, UAE.

According to a statement from Saipem, scope of work in Romania includes drilling a well in the country’s Black Sea waters, expectedly in 2019 Q4. Works will be executed by the semi-submersible rig Scarabeo 9, a drilling unit suitable for operations in the area, due to its ability to lower its tower which enables crossing of the Bosphorus Strait, the company said.

Additionally, for the contract awarded in Abu Dhabi, drilling activities will be carried out by the high spec jack up Perro Negro 8 in continuity with current operations. The contract will have a duration of four years, Saipem added.

More recently, Saipem has been awarded a $3.5 billion worth contract in Saudi Arabia and an onshore LNG project in Mozambique. Moreover, the engineering, procurement and construction company has signed an MOU with Saudi Arabia to build a 500 MW floating offshore wind farm in the Kingdom.

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