Saipem to sell Saudi shallow-water drilling business to ADES for $285 mln

Italian energy contractor Saipem has agreed to sell its shallow-water offshore drilling ​business in Saudi Arabia in a ‌deal worth $285 million, the company said on Wednesday.

Jun 24, 2026 - 11:00
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Saipem to sell Saudi shallow-water drilling business to ADES for $285 mln
Italian energy contractor Saipem has agreed to sell its shallow-water offshore drilling ​business in Saudi Arabia in a ‌deal worth $285 million, the company said on Wednesday.

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