Italy’s Saipem signs contract with Cabinda Gulf Oil

29 December 2006

Milan, Italy, 29 Dec – Italian company Saipem has won two contract in Angola and Gabon, with a joint value of 410 million euros, the company announced on its Website.

According to Saipem, which is 43-percent owned by ENI, one of the contracts was signed with Cabinda Gulf Oil and the other with CNR International (Olowi) in Gabon.

Saipem did not give the individual value of each contract.

The news comes a day after Saipem announced that it had signed two contracts valued at 255 million euros in Australia and Qatar. (macauhub)