Built-in China by Cimc in Longkou it was taken on a long-term bareboat charter

Saipem has announced the christening ceremony of the new Jack-up Perro Negro 11 which will add to the drilling fleet of the recently recapitalized Italian group with 2 billion euros. The event, held on 8 July 2022 at the Cimc shipyard in Longkou (China), saw the participation of the top management of Cimc Raffles, Ocean Challenger, and Saipem.

“In line with the ‘asset light’ approach pursued by Saipem, the Jack-up (hired on a ‘bareboat charter’ basis) has already been awarded a contract lasting five consecutive years (with a further two years in option) for drilling works in the Persian Gulf area, taking advantage of the positive trend of the reference market “.

The note also states that, on the occasion of this meeting, “a Memorandum of Understanding was also signed between Cmc Raffles and Saipem in order to explore new collaborations in the ‘Off-shore drilling’, ‘Off-shore construction’ and ‘ New Energies’. “