Saipem awarded USD 250mn in onshore drilling contracts

(AGI) Milan, Sept. 10 - Saipem has been awarded new onshoredrilling contracts in the Middle East and South America,together worth around 250 million dollars. These include twowith Kuwait Oil Company, as part of its ambitious plans todevelop the country's oil resources. These contracts have aduration of five years plus an option to extend for a further12 months, embodying the supply of two deep-drilling rigs foroperations in Kuwait. This follows the recent award from KuwaitNational Petroleum for two packages within the Al-Zour NewRefinery Project, and represent Saipem's first foray into theKuwaiti

(AGI) Milan, Sept. 10 - Saipem has been awarded new onshoredrilling contracts in the Middle East and South America,together worth around 250 million dollars. These include twowith Kuwait Oil Company, as part of its ambitious plans todevelop the country's oil resources. These contracts have aduration of five years plus an option to extend for a further12 months, embodying the supply of two deep-drilling rigs foroperations in Kuwait. This follows the recent award from KuwaitNational Petroleum for two packages within the Al-Zour NewRefinery Project, and represent Saipem's first foray into theKuwaiti onshore drilling market, enabling the company toconsolidate its presence in the Middle Eastern market. Saipemalso won contracts for onshore drilling in oil and gasdevelopment in Peru and Colombia, underpinning their strongpresence in South America.. .