Saipem SpA MIL:SPM:
SIGNS MOU WITH PETROBRAS FOR DECOMMISSIONING ACTIVITIES IN BRAZIL
MOU COVERS PLUG AND ABANDONMENT ACTIVITIES – RELATING TO PERMANENT AND SAFE CLOSURE OF OIL GAS WELLS – PLUS SUBSEA DECOMMISSIONING
OBJECTIVE IS TO HELP IMPROVE EFFICIENCY, SUSTAINABILITY AND LEVEL OF INNOVATION OF END‑OF‑LIFE INFRASTRUCTURE ACTIVITIES
DURATION OF AGREEMENT SET FOR ONE YEAR, DOES NOT ENTAIL ANY BINDING COMMITMENTS