Norway’s Aker BP has extended the contract for Saipem’s 2012-built semisub drilling rig Scarabeo 8, prolonging its deployment for an additional year. This is the third extension of the $325m deal originally awarded in March 2022, following those already announced for 2026 and 2027. The most recent extension was announced in late July this year. The extension is worth $157m and covers the rate for rig hire excluding fuel and other additional services. The unit will remain on charter to Aker BP until December 31, 2028. In addition, Saipem and Aker BP have introduced a clause in the contract allowing for further future extensions. The extension allows the Scarabeo 8, a sixth-generation unit designed to operate in harsh environments, to continue operating on the Norwegian Continental Shelf. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsItaly Norway