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Saipem and MDC join forces to pursue new offshore drilling opportunities

Friday, October 23 2026

Drilling Services

Saipem signed a Strategic Cooperation Agreement with Modern Drilling Company to strengthen our cooperation in offshore drilling services.

The agreement provides a framework for identifying and pursuing new business opportunities by combining the expertise, capabilities and resources of both companies, while laying the groundwork for a long-term partnership in Egypt and potentially in other geographies of mutual interest.

This milestone reinforces Saipem’s commitment to Egypt and reflects its approach to building enduring relationships, creating shared value and contributing to the development of the energy sector of key countries for its strategy.

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Filed Under: drilling services, International News, MoU, Saipem, strategic partnership Tagged With: drilling services, Modern Drilling Company, MOU, saipem, strategic agreement

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