Saipem secures $500 million worth of rig contracts

11/26/2012

Saipem secures $500 million worth of rig contracts

BY GILLES CASTONGUAY 
 
MILAN -- Saipem said it had secured $500 million worth of contracts for the use of 13 rigs for onshore drilling in Saudi Arabia, South America and Kazakhstan. It said in a statement 3 of the 13 rigs would be purpose built. The first contracts are to begin in the fourth quarter of 2012, it added.

Dow Jones Newswires

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