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    SPM — Saipem SpA News Story

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    Brief: Saipem, ADES Sign Binding Sale Agreement For Shallow Water Drilling Activities In Saudi Arabia

    Picture of Saipem SpA logoSaipem SpA
    24/06/2026 06:05
    BRIEF-Saipem, ADES Sign Binding Sale Agreement For Shallow Water Drilling Activities In Saudi Arabia  
    June 24 (Reuters) - Saipem SpA SPMI.MI:
    • SIGNS BINDING AGREEMENT TO SELL SHALLOW WATER DRILLING ACTIVITIES IN SAUDI ARABIA TO ADES
    • DEAL VALUED AT $285 MILLION
    • DEAL EXPECTED TO CLOSE BY Q3 2026 SUBJECT TO CONDITIONS
    • POST-CLOSING, SAIPEM TO CONTINUE MEXICO OPERATIONS WITH PERRO NEGRO 10 RIG VIA BAREBOAT CHARTER
    Further company coverage: SPMI.MI

     (Gdansk Newsroom)
     ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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