The new Middle East business in Saudi Arabia and Morocco mainly involves extensions of existing work.
Saipem has also won a one-year contract for a rig in Bolivia and an eight-month contract for a hydraulic rig in Argentina.
Italian contractor Saipem has secured four onshore drilling contracts in the Middle East and Latin America together worth $240 million.
The new Middle East business in Saudi Arabia and Morocco mainly involves extensions of existing work.
Saipem has also won a one-year contract for a rig in Bolivia and an eight-month contract for a hydraulic rig in Argentina.