Dec 03 - Saipem won two new drilling contracts amounting to approximately USD 155 million

Source Press Release
Company ENI 
Tags Upstream Activities
Date December 17, 2003

Saipem, an Eni company, has been awarded two new drilling contracts for a total value of 155 million USD.

Burullus Gas Company-Egypt has awarded Saipem an eighteen months contract for the semisubmersible rig Scarabeo 6 for drilling operations offshore Egypt. The contract has commenced in December 2003.

Saipem has renewed a contract with Saudi Aramco for the charter of six land rigs for a period of three years in Saudi Arabia. The new contract is scheduled to start in continuation of the current contract on the second quarter 2004.

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