Saipem, an Italian multinational oilfield services company, has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia for a duration of five and 10 years, respectively.
The company also received a new contract in Colombia for a duration of four years. The total of orders acquired by the onshore drilling division since the beginning of 2021 thus exceeds $250 million.
With these acquisitions, Saipem consolidates its long-standing and solid relationships with some of its main customers, a Saipem statement said.
These extensions of existing contracts are a positive sign of a gradual resumption of activities following the Covid-19 pandemic, it added.
Read the latest issue of the OGV Energy magazine HERE.