Keppel On Track to Deliver Saipem Rig

- Keppel On Track to Deliver Saipem Rig

Monday, August 01, 2011
Keppel Corp. Ltd.

Keppel FELS is on track to deliver Scarabeo 9, a 6th generation ultra-deepwater semisubmersible drilling rig, to Saipem S.p.A (Saipem) on time and with no lost time incidents.

A significant part of Keppel FELS' workscope on Scarabeo 9 involved the completion and commissioning of marine and drilling systems onboard.

The rig was named by Lady Sponsor, Mrs. Anna Tatka, spouse of Mr. Pietro Franco Tali, CEO of Saipem.

Speaking at the ceremony, Mr. Tali said, "With Keppel's proven track record, we were confident of receiving a rig of the highest quality delivered on time and in a safe manner. This sixth generation rig will be an important addition to our fleet as we expand our foothold to be one of the best balanced turnkey operators in the offshore and marine industry."

The Frigstad D90 semisubmersible rig is equipped with a Dynamic Positioning 3 system and will be capable of operating in water depths of up to 3,600 meters.

Mr. Tong Chong Heong, CEO of Keppel Offshore & Marine, added, "In completing this complex rig, we leveraged our in-house engineering expertise, proven project management and execution capabilities to ensure quick turnaround times in providing value added solutions.

"We thank Saipem for their trust in us and are glad to be able to demonstrate our capabilities with this safe and on time delivery. This extends to all our projects for Saipem, including the completion of Castorone at Keppel Shipyard. We look forward to supporting Saipem as they grow their fleet of high specification products for different parts of the world."

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Saipem Lands New Drilling Contracts for $600MM

- Saipem Lands New Drilling Contracts for $600MM

Monday, June 20, 2011
Saipem SpA

Saipem has been awarded new offshore and onshore drilling contracts worth $600 million.

Saipem has been awarded the contract by Eni to extend the charter of the Saipem 10000 drillship for the duration of 24 months, starting from August 2012.

Saipem 10000 is an ultra deepwater drillship, capable of operating in water depths up to 10,000 feet in full dynamic positioning.

Within offshore drilling activities, Saipem has been awarded a contract by Addax Petroleum extending the charter of the semisub Scarabeo 3 for a period of 6 months, starting from November 2011, for drilling activities in Nigerian waters. Scarabeo is a second generation semi-submersible drilling rig capable of operating in water depths of up to 1200 feet.

In addition, Saipem has signed a contract with NDC for the extension of the charter of the jack-up Perro Negro 2 for a period of 12 months, starting from the second quarter of 2011, for drilling activities in the waters of the United Arab Emirates. Perro Negro 2 is a jack-up rig capable of operating in water depths of up to 300 feet.

In onshore drilling, Saipem has signed new contracts for 15 rigs in Saudi Arabia, South America and Kazakhstan.

In Saudi Arabia, Saudi Aramco awarded Saipem the contract for the charter of 4 rigs, of which 3 for a period of 3 years each, starting from the fourth quarter of 2011, and 1 for a period of 1 years, starting from the third quarter of 2011.

In Peru and Colombia, Saipem has been awarded new contracts with several clients for the charter of a total of 9 rigs, for a varying period of 4 to 12 months, starting in different dates during 2011.

Finally, in Kazakhstan Saipem acquired two contracts for the charter of 2 rigs, for a period of 4 and 12 months respectively, starting from the fourth quarter of 2011.

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Saipem Secures More Than $1B in E&C Offshore Contracts

- Saipem Secures More Than $1B in E&C Offshore Contracts

Monday, June 13, 2011
Saipem SpA

Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion.

In Egypt, Burullus Gas Company awarded Saipem the EPIC contract for new subsea developments in the area of the West Delta Deep Marine Concession, located about 90 kilometers offshore the Northwest Nile delta, at water depths between 400 and 1,000 meters.

The development encompasses the engineering, procurement, construction and installation of a total of seven new subsea wellheads and relevant infrastructures, umbilicals and flowlines.

Saipem has already carried out two earlier phases of the West Delta Deep Marine Concession's subsea development. The work will be connected to existing infrastructure. The offshore activities will be carried out mainly by the highly-specialized vessel, Saipem FDS.

Saipem has also been awarded contracts to operate in the Norwegian and British sectors of the North Sea, mainly relevant to the deployment of the Saipem 7000 vessel for platform transportation and installation, and to the deployment of the Castoro 7 vessel for the installation of subsea pipeline and structures.

Among these contracts, some are EPIC and, in addition to the activities mentioned above, include engineering and procurement phases.

Offshore activities will be performed in different periods during summer 2012 and 2013.

In Russia, Caspian Pipeline Consortium (CPC) awarded Saipem the contract for the expansion of the structures relevant to the CPC marine export terminal, near Yuhznaya Ozereyevka on the Black Sea shores in the Krasnodar region of the Russian Federation.

The development includes the engineering, procurement and installation of a new offshore export pipeline for hydrocarbon transportation which will have a diameter of 42 inches and a length of about 5 kilometers and for the installation of a new offshore mooring system for hydrocarbon export. Offshore activities will be carried out during the second half of 2012 by the S355 vessel.

Furthermore, Saipem has agreed to increase the scope of its work on existing contracts in the Caspian sea and the Gulf of Mexico.

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FoundOcean Wins Saipem Contract in North Sea

- FoundOcean Wins Saipem Contract in North Sea

Wednesday, June 01, 2011
FoundOcean

FoundOcean has been awarded the offshore grouting contract for a four-legged wellhead jacket in a greenfield location in the North Sea. The award forms part of a three year agreement between FoundOcean and Saipem UK. The jacket will be installed in 81m water depth and the grouting is via a sub-sea grouting system. The grout line connections are located at EL -42.70m.

Paul Burns, Operations Director for FoundOcean commented, "We're pleased to have the opportunity to work with Saipem on this project and look forward to continuing the long and successful relationship between our two companies."

The grouting operation will take place from onboard the S7000 and is due to mobilize in Q2 2011.

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Saipem Wins $1B-plus in E&C Contracts

Saipem Wins $1B-plus in E&C Contracts

Thursday, May 05, 2011
Saipem

Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil.

The offshore activities for both the contracts will be performed mainly by the newly built and highly specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013.

In China, Husky Oil China Ltd awarded Saipem the contract for the Liwan 3-1 Field Deepwater EPCI. The scope of work includes the engineering, procurement, construction and installation of two 22 inch diameter 79-kilometers-long pipelines, umbilicals, along with the transport and installation of a subsea production system linking the wellheads to a processing platform.

The Liwan 3-1 gas field, is located in the Block 29/26 in the South China Sea in 1500 meters water depth and approximately 300 kilometers south of Hong Kong. It represents the first offshore field developed in deep water in the South China Sea.

In Brazil, the Brazilian oil company Petrobras has awarded Saipem an EPIC contract for the Guara & Lula-Northeast gas export pipelines, in the Santos Basin, approximately 260 kilometers off the coasts of the Rio de Janeiro and Sao Paulo States, in water depths of between 2,100 and 2,200 meters.

The contract encompasses the transportation, installation and pre-commissioning of two export sealines, as well as the engineering, procurement and construction of related subsea equipment: the first line, 18 inch in diameter and 54-kilometers-long, will connect the Guara FPSO vessel (Floating Production Storage and Offloading) to a subsea gathering manifold in the Lula field; the second line, 18 inch in diameter and 22-kilometers-long, will connect the Lula-Northeast FPSO to the same manifold in the Lula field.

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Max Petroleum, Saipem Enter Kazakh Drilling Contract

Max Petroleum, Saipem Enter Kazakh Drilling Contract

Tuesday, April 26, 2011

Max Petroleum plc

Max Petroleum has entered into a contract with Saipem, a subsidiary of Eni, S.p.A., for a National 1625 DE onshore drilling rig for its deep, pre-salt exploration program. The contract secures the use of the 3,000 hp rig to drill a minimum of two deep wells in the Company's Blocks A&E license area.

The Company plans to commence drilling the NUR-1 well on the Emba B prospect in Block E during August 2011, targeting unrisked mean resource potential of 467 million barrels of oil equivalent ("mmboe") distributed over a probable range (P90 to P10) of 170 million to 817 million mmboe with a 29% geological chance of success.