Italy's Saipem wins new contract in Colombia, extensions in Saudi Arabia

The new agreement in Colombia is for four years and those in Saudi Arabia are for five and ten years

  
Image used for illustrative purpose. A staff member gestures on the Saipem 10000 deepwater drillship in Genoa's harbour, Italy, November 19, 2015.

Image used for illustrative purpose. A staff member gestures on the Saipem 10000 deepwater drillship in Genoa's harbour, Italy, November 19, 2015.

REUTERS/Alessandro Garofalo

MILAN- Italian oil services group Saipem said on Monday it won a new contract in Colombia and was awarded the extension of two contracts in Saudi Arabia for onshore drilling activities.

The new agreement in Colombia is for four years and those in Saudi Arabia are for five and ten years, the company added in a statement.

"The extension of existing contracts are a positive sign of a gradual resumption of activities following the Covid-19 pandemic," Saipem said.

(Reporting by Cristina Carlevaro editing by Giulia Segreti) ((cristina.carlevaro@thomsonreuters.com; +39 06 80307729;))

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