Saipem awarded new contract extensions in Saudi Arabia

Italy’s Saipem announced in a statement that it has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia.

The company stated that the duration of contracts is 5 years and 10 years respectively.

 Saipem also stated that it secured a new contract in Colombia for a duration of 4 years.

The total of orders acquired by the Onshore Drilling division since the beginning of 2021 thus exceeds 250 million dollars.

Earlier during April 2021, Saipem announced as part of first quarter 2021 results, that it has awarded Four work orders from Saudi Aramco. The total value of orders was USD 450 million. (read more)