Italian oil main Eni has awarded a two-year contract extension to Saipem’s Seventh-generation Santorini drillship.
Saipem mentioned that the contract extension, which might give continuity to the continued exercise, would come into pressure ranging from August 2023 and is price roughly $280 million. To this quantity will likely be added further revenue linked to investments for enhancements to the asset for round $15 million.
The Santorini is a seventh-generation drillship acquired by Saipem in December 2022, able to performing drilling actions at depths of as much as 12,000 ft (over 3,500 meters).
In accordance with Saipem, the vessel is provided with the most recent digitalization and automation options “making certain the best requirements of security and respect for the atmosphere which locations it on the prime of the technological providing for ultra-deepwater tasks”. The corporate famous that the Santorini, whose development was accomplished in 2021, is provided with two seven-cavity Blow Out Preventers (BOP), the best commonplace for ultra-deepwater drillships, state-of-the-art operations automation methods, and the most recent options to optimize environmental influence.
It’s price noting that Saipem chartered the drillship, beforehand named Ocean Rig Santorini, from Samsung in 2021, signing a two-year contract. It later activated its buy choice and have become the proprietor of the drillship, with the acquisition price ticket of $230 million.
The rig was initially ordered by Ocean Rig, a drilling firm acquired by Transocean. After Transocean took management of Ocean Rig it canceled the order for the Santorini and one other rig named Ocean Rig Crete.
As for the Santorini, the drillship is at present working within the U.S. Gulf of Mexico for Eni.
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