Saipem awarded new drilling contracts worth US$320 million

San Donato Milanese (Milan), 26 January 2011 – Saipem has been awarded new offshore and onshore drilling contracts worth approximately US$320 million.
Saipem has been awarded the contract by Addax Petroleum to extend the charter of the semi-submersible rig Scarabeo 3 for drilling activities in Nigeria, for the duration of 6 months starting from April 2011.
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Source: Saipem