Saipem said on 18 December 2025 that Aker BP has exercised an option to extend the contract for the semi-submersible drilling unit Scarabeo 8, adding one more year and carrying the programme in Norway into 2028.

The option represents the third extension of the contract awarded in March 2022, following extensions previously announced for 2026 and 2027. The additional year is valued at $157 million and covers the rig hire rate, excluding fuel and other extra services.

The extension is subject to approval by Aker BP’s Board of Directors, scheduled for January 2026. The parties also added a clause that enables further extensions.

Saipem said the sixth-generation Scarabeo 8, designed for harsh environments, will continue operations in line with the Norwegian Continental Shelf’s strict safety and operational requirements.