Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.
Skip to main content

Middle East

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

1 minute read

MILAN, May 17 (Reuters) - Italian oil services group Saipem (SPMI.MI) 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

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters