We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Saipem Nets $325M offshore drilling deal with Aker BP

GO DIGITAL ENERGY

Saipem Nets $325M offshore drilling deal with Aker BP

Norwegian oil and gas company Aker BP has awarded Italy's Saipem an offshore drilling contract worth $325 million. - OEDigital

Saipem said Thursday the operations under the three-year contract, to be carried out by the Scarabeo 8 semi-submersible drilling rig, would kick-off from the end of Q4 2022, upon the termination of the works in which the rig is currently engaged.

Scarabeo 8 is a Saipem semisubmersible drilling rig able to work in harsh environments. It is a dual derrick deepwater unit with a dynamic positioning system and with enhanced mooring capabilities. 

The contract also includes the option of two one-year extensions and encompasses potential upsides among which a performance bonus scheme and a mechanism of rate adjustment to market rates from the third year onward, Saipem said.

Saipem previously worked successfully with Aker BP in 2018. This new long-term contract further consolidates the collaboration with the Norwegian company, also including the use of innovative solutions to deliver increasingly efficient, safe and environmentally focused operations.

Saipem said

Relevant news

GO NET ZERO ENERGY
Saipem advances offshore wind farm drilling ambitions with Trevi venture
Companies will develop a design that can cope with site specific geotechnical and geophysical data pertaining to the locations to be drilled
GO DIGITAL ENERGY
Halliburton to help Aker BP in accelerating digital transformation
Halliburton has joined forces with Aker BP to develop a next-generation intelligent system.
GO DIGITAL ENERGY
Aize and Aker BP form a strategic partnership to provide a single source of truth for assets in operation
Aize has announced a strategic collaboration agreement with Aker BP, to develop and implement the Aize workspace to improve operations.
GO NET ZERO ENERGY
Tenaris, Saipem and SIAD sign a MoU for the study of a carbon capture and utilization project in Dalmine, Italy
Tenaris, Saipem and SIAD have signed a MoU to start the design phase of a carbon dioxide capture and utilization (CCU) plant.
BLACK SEA
OIL & GAS
Saipem lands offshore contracts totalling $600 million
Saipem has secured two offshore transportation and installation contracts.
GO NET ZERO ENERGY
Saipem signs Memorandum of Understanding (MoU) with Saudi Aramco for a potential NewCo in KSA
Saipem and Saudi Aramco have signed a Memorandum of engineering and construction activities in the industrial sector.