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Aramco appointed Saipem for two seperate onshore and offshore drilling contracts

September 19/2011

(Arabian oil and gas) -- Saipem has today announced it has been awarded new offshore and onshore drilling contracts worth over USD 500 million. In offshore drilling, Saipem signed two contracts in Angola and Saudi Arabia.

In Angola, Saipem has been awarded a contract for the extension of the charter of Saipem 12000 drillship for 2 years by Total E&P Angola, starting from August 2015.

Saipem 12000 is an ultra deepwater drillship, capable of operating in water depths up to 12,000 feet in full dynamic positioning mode.

The second contract has been assigned to Saipem by Saudi Aramco for the charter of the jack-up Perro Negro 7, for drilling activities in the waters of Saudi Arabia. The contract starts in the second half of 2011, extending the existing contract for a period of 3 years.

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