Eni awards Saipem a $260 million offshore drilling contract for Cote d'Ivoire

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โดย Zacks Investment Research·Read original

Summary · why it matters

Eni has awarded Saipem a long-term offshore drilling contract valued at approximately $260 million for a campaign offshore Cote d'Ivoire. Saipem will deploy its seventh-generation Santorini drillship, which can operate in water depths up to 12,000 feet, with operations expected to begin in early 2027 under a firm work commitment. The contract also includes optional periods and the potential for deployment in neighboring countries, which could extend the drillship's utilization and improve long-term revenue visibility. Eni has been active in Cote d'Ivoire since 2015 and earlier this year made the Calao South discovery using the same Santorini drillship.