Middle East Economic Survey


No 13



Saipem Extends Drilling Contract At WDDM To 2014, Targets Water Depths Of 1,100Ms

Saipem has extended its contract to drill in Egypts Mediterranean deep offshore, on behalf of the Burullus Gas Company, as far out as 4Q14 and will target water depths of more than 1,000ms, the Italian company said on 26 March. The new contract, which is worth $400mn, will continue the drilling work currently being carried out by Saipems Scarabeo 6 semi...