Oil Egypt accountACCOUNT King Tut

Saipem Awarded a New Offshore Drilling Contract Worth US$ 400 Million

Source: www.oilegypt.com 3/26/2009, Location: Egypt

Share |
Saipem has been awarded a new contract worth approximately US$ 400 million for the charter of offshore drilling rig Scarabeo 6. The contract has been assigned to Saipem by Burullus Gas Company extending their charter of Scarabeo 6 to the fourth quarter of 2014. The rig will continue to operate in Egyptian waters where she is presently working for the same client.

Scarabeo 6 is a third-generation semi-submersible rig capable at present, of drilling to depths of up to 7,500 metres, operating in water depths of up to 780 metres. The operating capacity will be raised to 1,100 metres of water depth, following the rig upgrading works, which will be executed in a six-month period between the second quarter of 2011 and the second quarter of 2012.

Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.

Egypt >>  8/1/2019 - Shares in Egyptís Qalaa Holdings, one of the countryís largest investment companies, fell by nearly 10% on Wednesday after it said that its stake in a...
Egypt >>  7/31/2019 - Israelís anti-trust regulator gave the partners in the Tamar and Leviathan natural gas fields a green light to buy into an export pipeline to Egypt, a...

Egypt >>  7/26/2019 - Egypt's Ministry of Petroleum and Mineral Wealth and Ministry of Electricity and Renewable Energy signed with the US Department of Energy a memorandum...
Egypt >>  7/23/2019 - Belayim Petroleum Company (Petrobel) has successfully achieved a natural gas discovery in the Nile Delta concession area, which is currently being put...

Egypt >>  7/23/2019 - Eni announces that production from South West Meleiha Development Lease, located in the Egyptian Western Desert, some 130 Km North of the oasis of Siw...
Egypt >>  7/23/2019 - In early 2018, Wintershall Dea announced the start of an extensive work program in all own-operated Egyptian assets. The company is currently investin...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

More News

Oil & Gas Projects in Egypt >>

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us