Watson Farley & Williams (WFW) has advised Eni Group (Eni) on the contract documents for the purchase of theScarabeo 5drilling floater which is currently being converted into a FPU (Floating Production Unit) by Saipem S.p.A. (Saipem). It will beinstalledoff the coast of the Republic of Congo.
Eni is an Italian energy company operating in 64 countries worldwide. It is active at every stage of the value chain, from natural gas and oil to co-generated electricity and renewables, including both traditional and bio refining and chemicals.
Saipem is aworld leader in engineering services for the design, construction and operation of complex infrastructures and plants in the energy sector, both offshore and onshore.
The cross-border and multi-disciplinary WFWteam that advised Eni was led by Italy Head Eugenio Tranchino, supported by CorporateAssociate Francesco Vanzaghi and Assets & Structured Finance Associate Teresa Roussou. London Corporate PartnerDaniel Saunders advised on the English aspects of the transaction.