Saipem has strengthened its offshore drilling order intake with new contract awards and extensions worth approximately USD 135 million, according to an announcement made on October 21, 2025. The contracts reinforce the company's presence in key strategic areas, including West Africa, the Mediterranean, and the Far East.

Drilling Operations Across Multiple Regions

The Santorini, a seventh-generation drillship, will continue operations in Ghana and Côte d'Ivoire on behalf of Eni Ghana Exploration & Production Limited and Eni Côte d'Ivoire Limited, respectively. These operations ensure continuity of activities ahead of the next drilling campaign in the Mediterranean Sea.

The Deep Value Driller, another seventh-generation drillship managed by Saipem under a bareboat charter agreement, has completed its operations in Ghana for Eni Ghana Exploration & Production Limited. The vessel will be employed for a new project in Indonesia for Eni Ganal Deepwater Limited, with activities expected to commence by the end of the year.

Recent Operational Developments

The Scarabeo 9 drilling rig recently completed a successful drilling campaign in Egypt for Burullus Gas Company, an Egyptian oil and gas company active in offshore gas production. The rig has started operations in Libya under a new contract with Eni North Africa BV, which will keep the rig active until early 2026.

Company Profile and Operations

Saipem operates as a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. The company is organized as “One Company” with business lines including Asset Based Services, Drilling, Energy Carriers, Offshore Wind, and Sustainable Infrastructures.

The company maintains 5 fabrication yards and operates an offshore fleet of 17 construction vessels owned and 12 drilling rigs, of which 9 are owned. Saipem is listed on the Milan Stock Exchange and maintains a presence in more than 50 countries around the world, employing approximately 30,000 people of over 130 nationalities.

Strategic Focus and Market Position

Saipem continues to distinguish itself in a competitive and constantly evolving market environment through the reliability and operational strength of its drilling units. The company contributes to the success of major international operators' projects across its operational regions.

The company maintains a technological innovation focus with its stated purpose of “Engineering for a sustainable future.” Saipem commits to supporting its clients on the energy transition pathway towards Net Zero, utilizing increasingly digital means, technologies, and processes geared for environmental sustainability.

Connect with Decision-makers about the Latest Oil & Gas Production Projects Around the World for business Opportunities.

Subscribe to our database on Oil & Gas Production Projects and Tenders Around the World to get access to reliable and high-quality insights on upcoming, under-construction, and completed Oil & Gas Production Projects across the world or in your desired geographical location.

Our user-friendly platform provides essential details, timely updates, key stakeholder contact information, and business opportunities tailored for engineering companies, industry professionals, investors, and government agencies.