Financial Ports

$285m Saudi drilling deal reshapes offshore rig market

CLAVE 1 / 4ADES completes $285 million acquisition of Saipem’s Saudi shallow-water drilling business.

CLAVE 2 / 4Deal includes three owned jackup rigs and two leased units operating in Saudi Arabia.

CLAVE 3 / 4Saipem retains use of Perro Negro 10 under bareboat charter for Mexico operations.

CLAVE 4 / 4Transaction aligns with Saipem’s strategy to focus on deepwater and harsh-environment segments.

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