Finance News

Saipem Rakes in $135M in Offshore Contracts and Extensions

Saipem has strengthened its offshore drilling order intake with new contract awards and extensions worth a total amount of approximately $135 million, further reinforcing its presence in key strategic areas such as West Africa, the Mediterranean, and the Far East.

The Santorini, a seventh-generation drillship, will continue operations in Ghana and Côte d’Ivoire respectively on behalf of Eni Ghana Exploration & Production Limited and Eni Côte d’Ivoire Limited, ensuring continuity of activities ahead of the next drilling campaign in the Mediterranean Sea.

In addition, the Deep Value Driller, a seventh-generation drillship managed by Saipem under a bareboat charter agreement, has completed its operations in Ghana on behalf of Eni Ghana Exploration & Production Limited and will be employed for a new project in Indonesia for Eni Ganal Deepwater Limited, with activities expected to commence by the end of the year.

The Scarabeo 9, having recently completed a successful drilling campaign in Egypt for Burullus Gas Company, an Egyptian oil and gas company active in offshore gas production, has started operations in Libya under a new contract with Eni North Africa BV, that will keep the rig active until early 2026.

In a competitive and constantly evolving market environment, Saipem continues to stand out for the reliability and operational strength of its drilling units, contributing to the success of major international operators’ projects.

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