Saipem completes USD 285 million sale: what it means for Saipem stock

Published on 10/08/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Saudi sale transferred five rigs to ADES on September 15, 2026. Saipem stock has results and 2027 guidance due November 18, 2026.

Saipem, IT0000068525, Illustration mit AI erstellt.

Saipem completed the sale of its Saudi shallow-water drilling business to ADES on September 15, 2026, in a transaction valued at USD 285.0 million. The deal gives the company a clearer deepwater and harsh-environment drilling profile while keeping the Perro Negro 10 rig available through a bareboat charter.

Three dated portfolio moves

On September 14, 2026, MarketScreener reported that Saipem had won a USD 350.0 million offshore contract in Angola from Azule Energy Angola. On September 15, 2026, Baird Maritime reported the USD 285.0 million Saudi transaction and its transfer of five rigs. On September 23, 2026, Saipem moved its third-quarter results meeting to November 18, 2026.

What does the sale mean for drilling?

The divestment removes three owned and two leased jack-up rigs from Saipem's Saudi shallow-water portfolio, according to Baird Maritime. Saipem continues to use Perro Negro 10 in Mexico, so the transaction changes ownership of the asset base without ending that operational commitment.

The Angola award adds a second quantified strategic reference: USD 350.0 million of offshore work with an expected duration of two and a half years. The project covers engineering, fabrication, transportation and installation of subsea infrastructure at water depths of up to 1,750 meters, according to MarketScreener.

Results arrive November 18

Saipem's investor-relations calendar places the Board meeting for third-quarter 2026 results on November 18, 2026, followed by a conference call on November 19, 2026. The company said the meeting will also address the 2027 budget and related market guidance in its Saipem release dated September 23, 2026.

For market scale, Saipem had a market capitalization of EUR 8.6 billion as of October 8, 2026, while its reported trading volume was 6,590,691 shares on that date. Those figures put the November update in a useful context: investors will be able to judge whether the portfolio reshaping and new offshore work are translating into stronger operating momentum.

Key dates for Saipem stock

The next scheduled company event is the Board meeting for third-quarter 2026 results on November 18, 2026. The conference call covering those results and 2027 guidance follows on November 19, 2026.