Saipem Secures Over $200 Million in New Offshore Drilling Contracts

Written by Paulo Nogueira

Published on 05/04/2019 at 05:24

Be the first to react!

The Contract Will Use the Scarabeo 8 Rig in the North Sea for Operations in 2020 With Wintershall, Saipem Also Won Contracts in the Middle East

Saipem announced on Friday that a contract has been signed with the German company Wintershall for the drilling of two wells, plus two options in continuation of previous commitments for offshore operations in Norway. The contract will be executed by the sixth generation semi-submersible rig Scarabeo 8, a drilling unit capable of operating in challenging environments.

The rig is expected to be operational by approximately the second quarter of 2020.

ARTICLE CONTINUES BELOW

See also

“With this contract, Saipem consolidates its presence in the Norwegian North Sea and expands its client base in offshore drilling for a new key player,” Saipem said.

In addition, Saipem was awarded a contract in the Middle East, which involves a four-year extension of the high jackpot Perro Negro 7 use.

The Perro Negro 7 is a jack-up drilling unit capable of operating in depths of up to 375 feet. Work started at the end of the first quarter of 2019.

“With this long-term commitment, Saipem strengthens and confirms its presence in a key area of shallow water operations and in a strategic market for the company as a whole,” Saipem concluded.

In related news, Saipem was recently reported by Bloomberg to be in talks for the sale of its drilling business, both onshore and offshore.

According to the financial news giant, the Italian oil services provider is in talks with interested parties to divest its drilling units in two separate transactions.

Bloomberg based its report on information provided by anonymous sources familiar with the matter, who also said that Saipem, also involved in engineering and construction businesses, may choose not to sell the drilling business.

Saipem Secures Over $200 Million in New Offshore Drilling Contracts

The Contract Will Use the Scarabeo 8 Rig in the North Sea for Operations in 2020 With Wintershall, Saipem Also Won Contracts in the Middle East

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Brazil wants to become a military power, and missiles capable of hitting targets up to 200 km away begin to be produced in SIATT’s national factory, which already delivers the first batch to the Army and expands strategic surveillance of the Blue Amazon.

Xiaomi goes beyond cell phones and launches an electric kettle with 316Ti titanium steel, 1,800 W of power, and technology that keeps water hot for 24 hours, does not rust, prevents a metallic taste, and costs around R$ 101 in China.

The IMF shows Brazil’s reality in the coming years and projects the country back into the top 10 largest economies in the world by 2030, with a GDP of US$ 3.20 trillion and a jump of US$ 560 billion in five years.

Goodbye traditional microwave: Brastemp surprises and launches a 23-liter version with Multi-Prep function for brownie, risotto, and brigadeiro, smart weight-based defrosting, QR Code with recipes, and an initial price of R$ 639 in Brazil.

What’s so special about this little Brazilian town to receive R$ 25 billion for a cellulose megafactory and have more people working than inhabitants?

Saipem Secures Over $200 Million in New Offshore Drilling Contracts

The Contract Will Use the Scarabeo 8 Rig in the North Sea for Operations in 2020 With Wintershall, Saipem Also Won Contracts in the Middle East

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.

In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.

In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.

Brazil wants to become a military power, and missiles capable of hitting targets up to 200 km away begin to be produced in SIATT’s national factory, which already delivers the first batch to the Army and expands strategic surveillance of the Blue Amazon.

Xiaomi goes beyond cell phones and launches an electric kettle with 316Ti titanium steel, 1,800 W of power, and technology that keeps water hot for 24 hours, does not rust, prevents a metallic taste, and costs around R$ 101 in China.

The IMF shows Brazil’s reality in the coming years and projects the country back into the top 10 largest economies in the world by 2030, with a GDP of US$ 3.20 trillion and a jump of US$ 560 billion in five years.

Goodbye traditional microwave: Brastemp surprises and launches a 23-liter version with Multi-Prep function for brownie, risotto, and brigadeiro, smart weight-based defrosting, QR Code with recipes, and an initial price of R$ 639 in Brazil.

What’s so special about this little Brazilian town to receive R$ 25 billion for a cellulose megafactory and have more people working than inhabitants?