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Saipem strengthens its offshore drilling fleet

Tuesday, December 6 2022

Fossil Energy – Drilling

Saipem has exercised its purchase option concerning the seventh-generation Santorini drillship.

The drillship is already operating within the Saipem fleet by way of a long-term charter agreement signed with Samsung Heavy Industries in 2021.

The exercise price of the purchase option is 230 million USD, to be paid by the end of 2022.

The Santorini, whose construction was completed in 2021, is a technologically advanced vessel, equipped with two seven-cavity Blow Out Preventers (BOP), the highest standard for ultra-deepwater drillships, state-of-the-art operations automation systems, and the latest solutions to optimise environmental impact.

The vessel is currently in operation in the United States (Gulf of Mexico) for the execution of a contract with Eni expiring in the third quarter of 2023.

After the Saipem 10000 and Saipem 12000, the fruitful collaboration with Samsung Heavy Industries is once again reaffirmed.

Related posts:

  1. Deep Value Driller and Saipem conclude bareboat charter
  2. Saipem awarded drilling contract offshore Ivory Coast
  3. Saipem scores new offshore drilling contracts
  4. Two new offshore drilling contracts for Saipem

Filed Under: Drilling, drillship, International projects, Saipem, Samsung Tagged With: drillship, saipem, samsung, Santorini

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