en.Wedoany.com Reported - Saipem has secured a drilling contract from Eni Côte d'Ivoire Limited, involving the deployment of the drillship Santorini.
The drillship Santorini will be deployed offshore Côte d'Ivoire to carry out a long-term development drilling campaign, with operations scheduled to begin in early 2027. The project includes a firm commitment for a long-term drilling program, with options to deploy the rig to neighboring countries and additional optional periods to enhance long-term visibility and continuity for the unit's future utilization.
This contract is classified as a related-party transaction under Article 6 of the Consob Related Party Transactions Regulation, as the counterparty is Eni Côte d'Ivoire Limited, controlled by the Eni group. The transaction is defined as "of greater importance," but falls within the exemptions provided under Article 13, paragraph 3, letter c) of the Consob Related Party Transactions Regulation and Article 8.2, letter c) of the Saipem Management System Guidelines "Transactions with Related Parties and Interested Parties," as it is an ordinary transaction conducted at market-equivalent or standard conditions.
Saipem is a global leader in the engineering and construction of large-scale projects in the energy and infrastructure sectors, operating both offshore and onshore. The company is structured as a "single company" organized by business lines including Asset-Based Services, Drilling & Sonsub, Energy Transport, Offshore Wind, and Sustainable Infrastructure. Saipem has 5 manufacturing plants, an offshore fleet of 17 owned construction vessels and 12 drilling rigs (9 of which are owned). Guided by the mission "Engineering for a Sustainable Future," the company supports its clients on their path to net zero through digital and environmentally sustainable solutions, technologies, and processes. Listed on the Milan Stock Exchange, Saipem operates in over 50 countries with approximately 30,000 employees representing more than 130 nationalities. This new contract confirms Saipem's competitive position in the offshore drilling sector and its ability to deploy high-specification assets to support clients' exploration, appraisal, and development activities.
