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Saipem wins $800m offshore deals in Middle East and Africa

Italian energy contractor Saipem has won five offshore drilling contracts in the Middle East and Africa worth about $800m, it said on Tuesday, 15 November.

By Alvise Armellini

15 Nov 2022

Bridge of the Saipem 10000 deepwater drillship in Genoa's harbour, Italy. 2015. Source: Reuters/Alessandro Garofalo

In the Middle East, two contracts concern drilling units to be chartered by third parties, with a third relating to the extension of an existing contract.

In Africa, Saipem was awarded contracts for operations off Côte d'Ivoire, expected to start in the fourth quarter of 2022, and for an Eni-operated Angola offshore project slated to start next year.

Saipem has now agreed about €1.6bn of new contracts in offshore drilling since the start of this year, it said.

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Last month, the company beat analyst expectations for third-quarter results and raised its 2022 guidance, with CEO Alessandro Puliti saying the group was ahead of schedule on delivery of business plan targets.

Read more: ENI, offshore drilling, Saipem

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Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/