Jun 06 - Saipem Awarded Two New Offshore Drilling Contracts Valued at USD 530 Million

Source Press Release
Company ENI S.p.A. 
Tags Other Businesses
Date June 05, 2006

Saipem has been awarded two new contracts for the charter of its Scarabeo 7 and Scarabeo 3 offshore drilling rigs. The combined value of the two contracts is approximately USD 530 million.

Scarabeo 7 will be used by Eni off the coast of Indonesia for three years beginning in the first quarter of 2008. Scarabeo 7 is a fourth generation semi-submersible rig capable of operating in water depths of up to 1,500 metres and drilling to depths of up to 8,500 metres.

Addax Petroleum will charter Saipem’s semi-submersible Scarabeo 3 rig for use off the coast of Nigeria, for one year beginning in the second quarter of 2007. Scarabeo 3 is a second generation semi-submersible rig capable of operating in water depths of up to 550 metres and drilling to depths of up to 8,000 metres.

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