Italian companies Saipem and Eni have announced the signing of a contract for offshore drilling activity in Mozambique, utilising the drillship Saipem 12000.
The contract is of 15 months’ duration commencing mid-2019.
In addition to this contract, which will allow Saipem to participate in the development of the Coral Field, Saipem has been awarded other offshore drilling contracts. The contracts will be executed in the Mediterranean and the Black Sea and will utilise cutting-edge vessels from the company’s fleet. The total value of these new contracts is about $230m.
Significantly, Eni has awarded Saipem a contract for the drilling of two wells offshore Cyprus. Work will once again be carried out by the Saipem 12000 and commences in the fourth quarter of 2017.