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Report: Saipem in talks to sell drilling business
 Saipem is reportedly in talks to divest its drilling businesses, both onshore and offshore, according to a report by Bloomberg published on Friday.

  Saipem is reportedly in talks to divest its drilling businesses, both onshore and offshore, according to a report by Bloomberg published on Friday.


According to the financial news giant, the Italian oilfield services provider is in discussions with interested parties to divest its drilling units in two separate transactions.

Bloomberg based its report on information provided by unnamed sources familiar with the matter, who also said that Saipem, also involved in engineering and construction business, might elect not to sell the drilling business.

Offshore Energy Today has reached out to Saipem, seeking confirmation of the report. A Saipem spokesperson declined to comment.

While Saipem is not commenting on Bloomberg’s report, it is worth reminding the company CEO Stefano Cao late in February said the company has been exploring the available strategic options for the onshore and the offshore drilling sector.

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