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.

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.

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