Saipem has won an offshore drilling contract from Eni Côte d’Ivoire Limited valued at about $260 million.
The Santorini drillship will be deployed offshore Côte d’Ivoire for a long-term development drilling campaign from early 2027.
The award improves future utilisation visibility for the unit through a firm extended programme, possible work in neighbouring countries and optional periods.
This new award confirms Saipem’s competitive positioning in offshore drilling, as well as its ability to efficiently deploy its high-specification assets in support of clients’ exploration, appraisal and development activities.
Pursuant to Article 6 of the Consob Regulation on related party transaction, it is informed that the contract qualifies as a related party transaction – as it is carried out with Eni Côte d’Ivoire Limited, a company controlled by Eni S.p.A. – “of greater importance” and which, as an “ordinary transaction and carried out at market-equivalent or standard conditions”, falls within the exclusion pursuant to Article 13, paragraph 3, letter c) of the Consob Regulation on transactions with related parties and Article 8.2, letter c) of the Saipem’s Management System Guidelines “Transactions with Related Parties and Parties of Interest”.
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ALCHEMPro News Desk
