Continental Focus, International Reach

New Onshore Drilling Contracts for Saipem

Thursday, March 14, 2019

Saipem: new awards of Onshore Drilling contracts worth approximately 220 million USD in total

San Donato Milanese (MI), March 13, 2019 – Saipem has been new awarded new contracts, and extensions to other already existing contracts, in Onshore Drilling worth approximately 220 million USD in total.

The new contracts involve projects to be carried out in Bolivia and Saudi Arabia, while the extensions of contracts already underway concern Saudi Arabia, Peru, Morocco and Romania.

Francesco Racheli, Chief Operating Officer of Onshore Drilling, commented: “The awarding of these new contracts in South America and the Middle East rewards our efforts to optimise operations and confirms the strategy of the Onshore Drilling division to consolidate our presence in important geographical areas such as the Middle East and South America and expand our client base”.