Saipem, an Italian multinational oilfield services company, has been awarded new onshore drilling contracts in the UAE  with a duration of approximately 15 months.

In South America, Saipem has been awarded the extension of two contracts in Colombia and one contract in Peru, as well as two new contracts in Bolivia and Peru.

All these new contracts, worth a total of $70 million, further strengthen the long-standing relationships with local and international clients in these geographical areas and represent a positive sign of the gradual recovery of demand in the drilling sector and investments in the Oil and Gas market. - TradeArabia News Service