Italy’s Saipem announces the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia beginning January 2026.
The contract for Perro Negro 7 was awarded to Saipem in 2011 and extended in June 2023 for 10 years. The contract was temporarily suspended for a period of 12 months in 2024. The suspension period will be recovered at the end of the contract, extending its duration until 2034.
Perro Negro 7 is a state-of-the-art jack-up rig, designed to operate in waters up to 375 feet deep and drill wells up to 9,100 meters. The asset is equipped with advanced systems to ensure safety, efficiency, and compliance with the more demanding environmental standards.
The restart of Perro Negro 7 activities is a tangible sign of the recovery of drilling activities in the Middle East, a key market for Saipem.
Earlier, Saipem announces that it has awarded $600 million worth of contracts with Aramco. (read more)
