Saipem wins two onshore drilling contracts in Saudi

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.

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