Saipem awarded US$1.25Bn Middle East contracts

Another batch of contracts concerns the extension of onshore drilling contracts in the Middle East for an overall amount of approximately US$600M. The awards relate to the 10-year extension of existing contracts regarding four land rigs located in the Middle East.

The land rigs, with power ranging from 1,500 to 2,000 hp, will be employed for exploration and production activities in various oil and gas fields, in continuity with operations under execution in the area.

In addition, Saipem’s semi-submersible crane vessel Saipem 7000 has returned to commercial operation after an incident in April put it out of service temporarily. The main block wire on one of the vessel’s cranes, Crane n.1, broke during a lifting test.

Following the incident, Saipem 7000 went through repair works. The vessel is working on a windfarm, installing 114 foundation jackets; 23 of which have been already installed, while the remaining 91 will be installed from now until year-end 2022.

Crane n.1 is expected to complete repair works to allow the vessel to return to its full lifting capacity by early 2023.