Saipem gets oil drilling contracts in UAE, South America

SAIPEM drilling in UAE

SAIPEM drilling for oil

Saipem said it has been awarded new onshore drilling contracts in the Middle East and in South America.

The contract in UAE will be executed in 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.

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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 area”, Saipem said in a press release Tuesday.

“They represent a positive sign of the gradual recovery of demand in the drilling sector and investments in the Oil and Gas market”, it added.