Eni S.p.A. has awarded Saipem a contract extension for two years, which will allow the company to continue using the Santorini drillship from August 2023.
This extension will come into force starting from August 2023, it is valued at approximately $280 million and will include additional income linked to investments for improvements to the asset, amounting to around $15 million.
The Santorini, a seventh-generation drillship, was purchased by Saipem in December 2022 and has the capability to perform drilling activities at depths of over 3,500 metres or 12,000 feet.
The vessel is equipped with advanced digitalisation and automation solutions, ensuring the highest safety standards and environmental compliance.
The Santorini's technology places it at the forefront of the ultra-deepwater projects offering. Saipem's competitive positioning in the ultra-deepwater drilling sector is further confirmed by this acquisition.