Saipem's Scarabeo 7. Image courtesy of Yarek Kurgan/Youtube.

Italy-based Saipem won five drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth about $850 million, the company said Tuesday.

Contracts for offshore services amount to $540 million using four different units from Saipem’s fleet.

Onshore drilling contracts totaled $310 million.

Saipem signed deals with Amsterdam-based Eni Muara Bakau B.V., Abu Dhabi-based National Drilling Company (NDC) and Ecuador-based EP Petroamazonas.

Saipem also was awarded a contract extension by China-based Addax Petroleum.

Eni will be leasing Saipem’s Scarabeo 7, a fifth generation semi-submersible drilling rig, capable of operating in water depths of up to 5,000 feet.

The unit will be operating in offshore Indonesia and will drill a minimum of 12 wells.

The Eni project is slated for completion in the first quarter of 2017.

The Scarabeo 7 will remain under contract with Eni until February 2018.

Saipem’s contract with Addax to operate the Scarabeo 3 has been extended to March 2015.

Scarbeo 3 is a second generation semi-submersible drilling rig able to operate in water depths of up to 1,500 feet.

It’s currently drilling off the shore of Nigeria.

NDC has extended its contract for the jack-up rig Perro Negro 2 for 24 months, starting January 2015.

The Perro 2 will continue to operate in the Arabian Gulf.

EP Petroamazonas signed a 10-month extension for the jack-up rig Ocean Spur.

The extension ends January 2015.

The Ocean Spur is operated but not owned by Saipem.

Saipem also won a number of onshore drilling contracts worth approximately $310 million.

The contracts are for 31 drilling rigs in South America, 21 in Venezuela, 7 in Peru, 2 in Colombia and one in Ecuador.

The contracts have been signed under different terms, varying from three months to two years, and start at different times during 2014.


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