Saipem expands deepwater fleet with Scarabeo 7 semisubmersible

Saipem's newest addition to its offshore rig fleet, the Scarabeo 7, was converted from an F&G Enhanced Pacesetter-GVA during 1997-1999 at the Tuzla yard in Turkey (Fig. 1).Click here to enlarge imageScarabeo 7 (Fig. 1), a converted semisubmersible delivered Oct. 25, 1999, will utilize a thruster-assisted, eight-line mooring system outfitted for water-depth operations up to 1,500 ft. At a cost of $229 million, including purchase of the vessel, the semisubmersible expands Saipem's (an ENI company) offshore fleet to five semisubmersibles and four jack ups.The conversion is part of a $904 million investment allocated by the company for the 1998-2001 4-year plan. About 80% of this ca...

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