A Review of the Nigerian Energy Industry

Chevron, Saipem seal Angolan rig deal

19 December 2011, Sweetcrude, LUANDA – US supermajor, Chevron, and Italian oil services firm, Saipem, have sealed a deal on the US firm hiring Saipem’s jack-up rig for a three-year contract for work offshoe Angola.

The Perro Negro 6 rig will work offshore for Chevron beginning in the second quarter of next year for an undisclosed price.

The Angolan rig contract is one in the list of other deals that have netted the Eni-connected services giant around $400 million.

Eni has itself extended its contract of the jack-up perro Negro 8 for another year, backdated to November, Saipem revealed.

Saipem said it had also garnered a number of onshore contracts for 13 rigs covering deals in South America, Kazakhstan, North Africa and West Africa.

A total of eight clients have signed deals with Saipem for jobs in South America with two rigs set to begin 30-month contracts in Bolivia in the third and fourth quarters next year.

In Kazakhstan Saipem has been awarded one new and one extended contract, both for a year and both starting in this quarter.

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