Scarabeo 8

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escveritas
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Scarabeo 8

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Saipem signs a new offshore drilling contract in the North Sea

11:00 - 17 JUN 2021

Saipem has been awarded by Wintershall Dea Norge a contract for the drilling campaign of six wells plus options to drill additional wells in the Norwegian sector of the North Sea. Operations, which are expected to start in the fourth quarter of 2021, will be performed by the semi-submersible rig Scarabeo 8, a drilling unit designed to be “zero pollution and zero discharge” and equipped for operations in harsh environments.

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Thanks to this award the rig will operate in direct continuation with operations previously committed for other clients, in a sector that is showing signs of recovery and increasing demand, in particular for harsh environment rigs.

Following the operations executed for the same client in 2019, delivering successful results in terms of safety and operational efficiency, Saipem is pleased to have been secured a new contract by Wintershall Dea Norge, strengthening its relationship in a geographical key area.
escveritas
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Re: Scarabeo 8

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Saipem, awarded an offshore drilling contract by Aker BP worth 325 million USD

San Donato Milanese (Italy), March 17, 2022 – Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway. The operations are expected to start from the end of Q4 2022, upon termination of the works in which Scarabeo 8 is currently engaged.

Scarabeo 8 is a Saipem semisubmersible drilling rig able to work in harsh environments. It is a dual derrick deep water unit with a dynamic positioning system and with enhanced mooring capabilities. Scarabeo 8 meets the highest standards of the most stringent rules and regulations, and it has proven track records in working with most recognized Oil Companies in the challenging North Sea environment, from West Norway to the Barents Sea.

The contract duration is three years for an approximate value of 325 million dollars. The contract also includes the option of two one-year extensions and encompasses potential upsides among which a performance bonus scheme and a mechanism of rate adjustment to market rates from the third year onward.

Saipem previously worked successfully with Aker BP in 2018. This new long-term contract further consolidates the collaboration with the Norwegian company, also including the use of innovative solutions to deliver increasingly efficient, safe and environmentally focused operations.
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