Saipem has signed two five years-contracts for offshore drilling in the Middle East and in West Africa.
The contracts are worth more than $400m in total. Saipem aims to deliver two high specification jack-up drilling units. These include one Saipem jack-up unit, as well as one new high-specification jack-up unit that has been chartered from CIMC Group for the project. Each of these contracts has the option to be extended for two additional years. With these additional contracts, Saipem consolidates its presence in a strategic area, expanding the jack-up fleet from three to five units.