Saipem has been awarded onshore drilling contracts in the Middle East and South America worth $250million.
The awards include two key contracts from the Kuwaiti national oil company which is looking to develop the country’s resources.
The contracts have a duration of five years plus an option to extend for a further 12 months and encompass the supply of two 3,000HP deep-drilling rigs for operations in Kuwait.
The agreements are Saipem’s first foray into the Kuwaiti onshore drilling market.
Additional contracts won in onshore drilling relate to oil and gas development in South America in Peru and Colombia.
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