The agreement focuses on the joint development of projects of mutual interest in the Hot Potassium Carbonate (HPC) segment, with the aim of capturing the opportunities offered by a growing market.
Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa for a total amount of approximately 800 million USD.
Archer has secured a five year contract for the provision of platform drilling operations and maintenance services on seven installations with an operator in the UK.