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Saipem has secured onshore drilling contracts in the Middle East and South America. PHOTO SOURCE: Saipem
Saipem (SPM.MI) reported Monday that it has secured onshore drilling contracts in the Middle East and South America.
In the Middle East, Saipem won extensions for “two important contracts” in Saudi Arabia, the company noted in a written statement. The firm added the duration for one contract extension is five years and the other extension covers a 10-year span.
Additionally, Saipem pointed out that it has been awarded a new onshore contract in Colombia. The company stated that contract’s duration is four years.
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Saipem and Alboran Hydrogen to develop and build five green hydrogen plants
Saipem and Alboran Hydrogen signed a Memorandum of Understanding (MoU) for the joint development and the construction of five plants for the production of green hydrogen via electrolysis. Three of the plants will be in Italy and the other two in the Mediterranean basin.
As a global solution provider in the energy and infrastructure sector, Saipem will be engaged with the engineering, procurement and construction (EPC) of the plants, as part of the development and eventual implementation activities. Alboran Hydrogen, operating in the development of renewable projects, will take care to coordinate the technological aspects with the research institutes concerned, as well as of the authorization activities for the development of the plants, and of the supply chain agreements.