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Italy's Saipem wins $550 million offshore in Norway

Wednesday, 3 Oct 2012 | 6:21 AM ET

MILAN, Oct 3 (Reuters) - Italian oil services company Saipem

said on Wednesday it was awarded a three-year $550 million contract from Statoil to provide drilling services in the off Norway.

The contract starts in the third quarter of 2014, extending the charter of the semi-submersible rig Scarabeo 5 for deep water drilling. Scarabeo 5 has been working continuously since 1990 in the Norwegian North Sea.

(Reporting by Jennifer Clark, editing by William Hardy)

((jennifer.clark1@thomsonreuters.com)(+3902 66129422))

Keywords: SAIPEM/

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