Saipem has been awarded new onshore drilling contracts in the Middle East and in South America. In particular, a contract has been awarded in the United Arab Emirates with a duration of approximately 15 months.

In South America, Saipem has been awarded the extension of two contracts in Colombia and one contract in Peru, as well as two new contracts in Bolivia and Peru.

All these new contracts, worth a total of 70 million dollars, further strengthen the long-standing relationships with local and international clients in these geographical areas and represent a positive sign of the gradual recovery of demand in the drilling sector and investments in the Oil and Gas market.

About Saipem

Saipem is an advanced technological and engineering platform for the design, construction and operation of complex, safe and sustainable infrastructures and plants. Always oriented towards technological innovation, today Saipem is committed to supporting its clients on the frontier of the energy transition with assets, technologies and processes that are increasingly digital and oriented towards environmental sustainability. Listed on the Milan Stock Exchange, it is organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to consulting and engineering services in the project definition phase) and it is present in over 60 countries worldwide and has 32 thousand employees of 130 different nationalities.