Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/news/saipem-secures-drilling-contracts-for-500-million.shtml

Saipem secures drilling contracts for $500 million

Saipem has been awarded new offshore and onshore drilling contracts worth approximately $500 million. In offshore drilling, Saipem has signed a two year

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Saipem has been awarded new offshore and onshore drilling contracts worth approximately $500 million.

In offshore drilling, Saipem has signed a two year extension of the contract with Eni for the charter of Perro Negro 8, which is engaged in activities offshore Italy in the Adriatic Sea. The contract begins in November 2012.

Perro Negro 8 (350' ILC) is a jackup rig capable of operating in water depths of up to 350 feet.

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