Gulf Oil and Gas accountACCOUNT

Saipem Awarded $190M New Contracts in Offshore Drilling and Offshore E&C

Source: www.gulfoilandgas.com 4/20/2018, Location: Europe

Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months, excluding options.

The first contract refers to the award by A/S Norske Shell of an optional well in relation to the contract previously assigned and announced last December.

The second contract has been awarded by Total E&P Norge A/S for the drilling of one well in direct continuity with the completion of the operations conducted for A/S Norske Shell.

Both these contracts fall within the first quarter 2018 acquisitions.

An additional contract was also finalized with Aker BP for the drilling of 4 wells plus 2 optional. Operations are expected to commence within the end of the fourth quarter of 2018, following completion of operations for Total E&P Norge A/S.

In the offshore E&C sector, Saipem has been awarded a project by ConocoPhillips Ltd for decommissioning in the UK sector of the North Sea.

Finally, Saipem has also been awarded a new project in the Arabian Gulf. Works involve engineering, construction, offshore installation and commissioning of a new crude transmission line. The contract has been awarded by Aramco Gulf Operations Company Limited (AGOC) and Kuwait Gulf Oil Company (K.S.C) (KGOC), jointly operating as Al Khafji Joint Operations (KJO).

Stefano Cao, Saipem CEO, commented: “The new contracts in offshore drilling confirm the strategy of the company in this segment, aimed at consolidating relationships, including with new customers, while awaiting a further recovery of this market. Moreover, through the new awards in offshore E&C, Saipem is further reinforcing its presence and solid expertise in a strategic businesses such as decommissioning”.

Offshore Drilling News in Norway >>

Denmark >>  3/21/2019 - Semco Maritime has been awarded an EPCI contract with Total as part of the Tyra redevelopment project. The work scope includes preparatory engineering...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.