Italian firm wins $220 million onshore drilling deals from Saudi Arabia, Bolivia

Italian oil services group Saipem has won new contracts, and extensions to other already existing contracts, in onshore drilling worth approximately $220 million.

The new contracts involve projects to be carried out in Saudi Arabia and Bolivia, while the extensions of contracts already underway concern Saudi Arabia, Peru, Morocco and Romania.

"The awarding of these new contracts in South America and the Middle East rewards our efforts to optimize operations and confirms the strategy of the onshore drilling division to consolidate our presence in important geographical areas such as the Middle East and South America and expand our client base," Francesco Racheli, chief operating officer of Onshore Drilling, commented.