Saipem S.p.a.MIL: SPM

Next Geosolutions Europe Contracts For Bouri Gas Utilisation Project With Saipem Amended, Value Increased

· Issued by Saipem S.p.a.

Next Geosolutions Europe SpA MIL:NXT:

  • CONTRACTS FOR BOURI GAS UTILISATION PROJECT WITH SAIPEM HAVE BEEN AMENDED

  • CONTRACT COVERING SURVEY, INSTALLATION SUPPORT ACTIVITIES RAISED BY EUR 4-6 MILLION, IN ADDITION TO EXTENSION OF DURATION OF OPERATIONS

  • RANA SUBSEA’S CONTRACT, TIED TO PROVISION OF SPECIALISED DIVING, INSTALLATION SERVICES, HAS BEEN RAISED BY AROUND EUR 25-30 MILLION