WESTERN HEMISPHERE: Saipem makes $558M, deepwater intervention

Saipem has become the latest contractor to the offshore oil and gas industry to make a move into specialist deepwater field-development vessels, after the company declared Friday it would invest €380 million ($558 million) on an ultra-deep ship.

Aker Kvaerner and Aker Oilfield Services made a similar announcement in late November in order to satisfiy Petrobras demands. In mid-November BP and Expro Group announced plans to develop a deepwater intervention tool.


Saipem has become the latest contractor to the offshore oil and gas industry to make a move into specialist deepwater field-development vessels, after the company declared Friday it would invest €380 million ($558 million) on an ultra-deep ship.


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An order will be placed with a shipyard in the second quarter of 2008, after some engineering. Three years of building the Saipem FDS 2 will follow.

Via: Scandoil