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Editor in chief: Angelo Scorza
27/05/19 12:44

Offshore moves for ENI and Saipem

The contractor sealed two orders in Norway and the Middle East, while San Donato Milanese-based major company was assigned a provisional licence in Argentina

ENI and Saipem respectively received a new exploration licence in Argentina and new drilling contracts in Norway and the Middle East.

San Donato Milanese-based contractor was appointed by Repsol Norge AS for drilling an oil field and operations will start in 3Q 2019 by deploying semi-submersible unit Scarabeo 8, capable to operate in difficult environments.

The second (three-years) contract for the Middle East will start in 4Q 2019 engaging a highly specialized jack-up unit, while the overall value of the two orders – as confirmed by Saipem – will reach 100 million dollars.

Meanwhile, within the international Bid Round, Ronda Costa Afuera n.1, held last April 16th, ENI – through a consortium 80% controlled by the Italian corporation, also participated by Tecpetrol SA and Mitsui & Co.(10% each) -  won the MLO 124 exploration licence.

As illustrated by ENI the MLO 124 unit is located in the Malvinas Basin 100 km offshore Southern Argentina coast, covering overall 4,418 square metres in waters 100 to 650 metres deep waters.

Operations in the first 4 years would primarily catch tridimensional geophysical charts on the whole area. ENI operates in Argentina since 1991 through ENI Argentina Exploración y Explotación S.A., holding 30% shareholding interest in “Tauro – Sirius” offshore concession in Terra del Fuego low waters.

TAG : Offshore