Saipem has been awarded a 3-year contract by the Norwegian oil company Statoil extending the charter of the semi-submersible rig Scarabeo 5 for drilling activities in the Norwegian part of the North Sea. The contract is worth approximately $550 million and will start in the third quarter of 2014.
Scarabeo 5 is a fourth-generation semi-submersible rig capable of operating in water depths of up to 2,000 metres and drilling to depths of up to 9,000 metres. Scarabeo 5 has been working continuously since 1990 in the Norwegian sector of the North Sea, one of the most demanding areas due to strict environmental regulations and harsh weather conditions.
New offshore drilling contract for Saipem