Saipem has been new awarded new contracts, and extensions to other already existing contracts, in Onshore Drilling worth approximately 220 million USD in total.

The new contracts involve projects to be carried out in Bolivia and Saudi Arabia, while the extensions of contracts already underway concern Saudi Arabia, Peru, Morocco and Romania.

Francesco Racheli, Chief Operating Officer of Onshore Drilling, commented: "The awarding of these new contracts in South America and the Middle East rewards our efforts to optimise operations and confirms the strategy of the Onshore Drilling division to consolidate our presence in important geographical areas such as the Middle East and South America and expand our client base".

About Saipem

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSight, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 60 countries worldwide and has 32 thousand employees of 120 different nationalities.