SPM Saipem Spa

By Liam Moloney

Saipem SpA (SPM.MI), Europe's biggest oil services company by market value, Monday said it got new offshore engineering and construction contracts in Latin America worth a total of about $500 million.

In a statement, Saipem said the contracts involved the natural gas Perla project in Venezuela, as well as contracts for Sapinhoa Norte and Iracema Sul in Brazil in the Santos Basin pre-salt region.

Saipem, which is controlled by Eni SpA (E), is slated to report first-quarter results Tuesday.

Write to Liam Moloney at liam.moloney@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires