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Italy's Saipem said on Tuesday that a temporary suspension of oil drilling contracts by Saudi Aramco would have a low impact, leaving its 2024 targets within reach. Saudi Arabia's government in January ordered Aramco to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels per day (bpd), one million bpd below a goal announced in 2020. As a result more than 20 jack-ups, or shallow water drilling rigs, were expected to be suspended in the coming months, said Oslo-based firm Esgian which tracks drilling rigs.