Saipem wins new contracts worth almost $200 million
ROME -- Saipem said it has won new contracts worth almost $200 million for jobs in Abu Dhabi, Ecuador and Egypt. Saipem said it won a three year contract to offer offshore drilling equipment for a project off Abu Dhabi, with the work to start early next year.
The company said it also won an equipment leasing deal in Ecuador which will start in the fourth quarter of 2012. Saipem said it also signed a contract with GDF Suez to use its Scarabeo 4 platform in an offshore project near Egypt.
Dow Jones Newswires