Continental Focus, International Reach

ENI Contracts Saipem 12000 for Mozambique Gig

Monday, June 5, 2017

Saipem and ENI signed a contract for offshore drilling activity in Mozambique, utilizing the drillship Saipem 12000. The contract is of 15 months’ duration commencing mid-2019. The contract includes options up to a maximum of 45 months, not comprised in the contract value.

In addition to this contract Saipem has been awarded other offshore drilling contracts. The activities related to the other acquisitions will be executed in the Mediterranean and the Black Sea.

The total value of these new contracts is $230 million.

Significantly, ENI has awarded Saipem a contract for the drilling of two wells offshore Cyprus. Work will once again be carried out by the Saipem 12000 and commence in Q4 2017. Saipem’s semi-submersible rig Scarabeo 9 will be utilized for the drilling of one well, plus an optional one, in the Black Sea.


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