Saipem scents $55 billion, 18-month contract bonanza as offshore 'supercyle' kicks in

Market boom sees ‘asset light’ Saipem lease drilling units and new pipelay vessel, while eyeing idea to sell equity in rig fleet

Busy, busy: Saipem's Constellation pipelay vessel has just arrived in Guyana under contract to ExxonMobil.
Busy, busy: Saipem's Constellation pipelay vessel has just arrived in Guyana under contract to ExxonMobil.Photo: SAIPEM
Published 3 March 2023, 11:49Updated 3 March 2023, 11:55