Italy's Saipem wins $550 million offshore in Norway
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)