SAIPEM
Saipem is a prominent engineering, drilling, and construction services company that operates predominantly in the energy and infrastructure sectors. It has a substantial presence on a global scale and is renowned for its comprehensive expertise in both offshore and onshore projects. Here are some key aspects about Saipem:
History and Background
- Founded: Saipem was established in 1957 and is headquartered in Milan, Italy.
- Ownership: Historically, Saipem has been linked with the Italian energy behemoth Eni S.p.A., which has been a significant shareholder, although the company operates as a separate entity.
Key Areas of Operation
Engineering & Construction:
- Offshore Projects: Saipem is heavily involved in the development of offshore oil and gas platforms, floating production units, subsea pipelines, and other infrastructure essential for deepwater oil and gas extraction.
- Onshore Projects: The company also specializes in the construction of refineries, gas treatment plants, and pipelines.
Drilling Services:
- Offshore Drilling: Saipem provides drilling services involving the use of semi-submersible rigs, drillships, and jack-up rigs for deepwater and shallow water operations.
- Onshore Drilling: The company offers rig services for onshore exploration and production activities.
Renewable Energy: Saipem is diversifying its portfolio to include renewable energy projects, such as the development and construction of wind farms and other sustainable energy solutions.
Decommissioning: Saipem also offers services related to the decommissioning of oil and gas installations that have reached the end of their operational life.
Innovations and Technologies
- Digitalization and Automation: Saipem leverages cutting-edge technologies such as digital twins, IoT (Internet of Things), and automation to enhance the efficiency and safety of its operations.
- Sustainable Practices: The company prioritizes sustainability, aiming to minimize environmental impact and contribute positively to the communities where it operates.
Global Presence
Saipem operates in multiple regions:
- Europe: Extensive operations in Italy, the North Sea, and other parts of the continent.
- Middle East and Africa: Significant projects in countries like Saudi Arabia, Nigeria, and Egypt.
- Americas: Active in both North and South America with various oil and gas ventures.
- Asia-Pacific: Engaged in numerous projects in Southeast Asia, Australia, and other parts of the region.
Financial Performance
Saipem is listed on the Milan Stock Exchange and has a diverse shareholder base. The company's financial performance is closely watched by investors, given its high-profile contracts and significant role in the energy sector.
Challenges and Future Outlook
- Market Volatility: The company faces challenges due to fluctuating oil prices, geopolitical uncertainties, and evolving environmental regulations.
- Energy Transition: With the global shift towards renewable energy, Saipem is investing in new technologies and projects to adapt to the changing energy landscape.
Overall, Saipem remains a key player in its industry, known for its ability to undertake complex and large-scale projects worldwide.
Oil & Gas Services
- Phone: +39 02 520 54480
- Web: www.saipem.it
- Fax: +39 02 520 34617
Locations
Saipem News
Saipem Wins $1.1B E&C Offshore Contracts
Saipem has been awarded new E&C Offshore contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea. In Brazil, Saipem has signed an EPIC contract with Petrobras…
InterMoor Completes Saipem UK Contract
InterMoor Marine Services Ltd., an Acteon company, has completed a Saipem UK Ltd. (Sonsub Division) contract to perform positioning and heading control for the hook-up operations of a new floating production, storage and offloading(FPSO) unit in a depth of 815 meters in the Aquila Field, Adriatic Sea, Italy. Initiated in August 2010, the agreement included carrying out FPSO positioning and heading control analyses…
Saipem Wins $1.5B E&C Offshore Contracts
In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, fabrication and installation of a Central Metering and Manifold Platform (CMMP)…
Saipem Buys into Brazil
Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário de Guarujá S.A.), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá…
Keppel Completes Saipem Ultra Deepwater Rig
Keppel FELS Limited (Keppel FELS) is on track to deliver Scarabeo 9, a 6th generation ultra-deepwater semisubmersible drilling rig, to Saipem S.p.A (Saipem) on time and with no lost time incidents.
Saipem Wins Egyptian, North Sea, Russian Contracts
Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. In Egypt, Burullus Gas Company awarded Saipem the EPIC contract for new subsea developments in the area of the West Delta Deep Marine Concession, located about 90 km offshore the Northwest Nile delta, at water depths between 400 and 1,000 m. The development encompasses the engineering…
Saipem Wins New E&C Offshore Contracts Worth In Excess of $2.2 Billion
San Donato Milanese (Milan), 9 March 2011 – Saipem has been awarded new E&C Offshore contracts worth in excess of $2.2 billion. In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres northeast of Jubail industrial city, in the Arabian Gulf. The complete development of the two fields encompasses the engineering…
Saipem Wins Offshore Contract in Saudi Arabia
According to a report from Reuters, Italian oil services firm Saipem (SPMI.MI) won a contract for offshore work at Saudi Aramco's [SDABO.UL] non-associated gas fields feeding Wasit…
JSM Export Pipeline Project Awarded to Saipem America
In the US sector of the Gulf of Mexico, Saipem has been awarded the contract for the Walker Ridge export pipeline, in the framework of the development of the Jack and Saint Malo (JSM) fields…
Saipem Wins $1B Offshore Deal
Saipem has been awarded new offshore contracts worth over 1 billion euro. The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present…
Saipem America BP E&P Contracts
Saipem America has been awarded two contracts from BP Exploration & Production. Saipem America has been awarded a contract for the BP-operated Mad Dog drilling rig replacement project in the U.S.
Keppel Clinches Petrobras & Saipem Contracts
Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel Verolme BV (Keppel Verolme), has secured two contracts worth a total of about $165m. The first project, secured by Keppel Shipyard from repeat customer Petrobras Netherlands B.V (PNBV), is for the pre-conversion of P-58, a Floating Production Storage and Offloading (FPSO) vessel for the Campos Basin.
Saipem America Extends Candies Charter
The Chloe Candies is currently working for a major contractor in the . Saipem ’s 250HP Innovator Leviathan ROV and a 100-ton single drum below deck winch complete the vessel spread.
SpecTec Group Secures Agreement With Saipem
SpecTec Italy, the Italian conglomerate of SpecTec Group, announced that Saipem, ENI'S offshore branch, will allow SpecTec to implement AMOS software onboard all Saipem offshore rigs…
Kvaerner, Saipem Sign $28M Deal
Kvaerner ASA said it has an intentional deal with Italian oilfield services company Saipem for a subsea umbilical project in the Gulf of Mexico. The deal, valued at about $28 million…
Saipem Awarded Concrete Mattress Installation
Saipem America has been awarded the pre-crossing mattresses installation of the 20 in. Shenzi Oil Export Pipeline Project by Enterprise Field Services, LLC. The…
Saipem Wins Offshore Contracts Worth $230m
Saipem has been awarded two new offshore contracts in Kazakhstan and Egypt worth a total value of $230 million. Agip KCO awarded the Saipem and Aker Kvaerner unincorporated…
Saipem Wins $840m Contract
Saipem SpA said it has won an $840m, five-year contract from Eni Norge for rental of its new semi-submergible deepwater drilling vessel Scarabeo 8. The contract…
