Saipem’s Ancient Scarabeo 3 Keeps on Truckin’ with New Contract Extension, Day Rates Increase
MILAN– Saipem announced today that they have been awarded new offshore and onshore drilling contracts worth approximately $500 million.
In the Adriatic Sea, Saipem’s Perro Negro 8 jack-up was given a two year contract extension by Eni starting in November 2012.
In Nigeria, Addax Petroleum has extended the charter contract for Saipem’s 2nd generation semi-submersible rig Scarabeo 3, until February 2014.
Furthermore, Saipem signed an 18 month extension of its contract with NDC for the charter of the jack-up Perro Negro 2, which is engaged in drilling activities offshore Abu Dhabi. The extension of the contract starts from the second quarter of 2012.
Perro Negro 2 is a jack-up rig capable of operating in water depths of up to 300 feet.
In addition, Saipem has obtained an increase in rates of existing contracts for the charter of Perro Negro 6 and Saipem 10000, respectively, offshore Angola and Mozambique.
In onshore drilling, Saipem has been awarded by several clients contracts for 14 rigs in South America, Saudi Arabia, Kazakhstan and Italy.
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