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 Adds Heavy-Lift Pipelay Vessel JSD6000 to Its Fleet
Italian offshore energy services firm Saipem has signed a long-term charter contract with Chinese state-owned port and naval machinery manufacturer ZPMC for the JSD6000, a latest generation ship for offshore heavy lifting, construction and pipelaying.The signed contract provides for the bareboat charter of the ship for a five-year duration, plus two extension options of one year each.The vessel will…
Subsea Vessel Market is Full Steam Ahead
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side…
MDL Assists Saipem on Gastrade’s LNG Development Off Greece
Maritime Developments (MDL) has assisted Saipem in progressing an LNG project offshore Greece, which included work on the connection of Gastrade’s Alexandroupolis floating storage regasification unit (FSRU) to the country’s gas transmission system.The project consisted of a FSRU and a mooring and pipeline system, connecting the floating unit to the Greek National Natural Gas Transmission System (NNGTS).An MDL flex-lay spread was used for the installation of two flexible risers…
Saipem and Fincantieri Form Subsea Alliance
Saipem and Fincantieri have signed a memorandum of understanding (MoU) to evaluate commercial and industrial opportunities for cooperation in the field of autonomous subsea vehicles (AUV) and their integration with surface and underwater units.The MoU is among the initiatives aimed at promoting and developing Italy’s national excellence in the underwater sector.The agreement aims to enable the two…
Saipem Gets Offshore Pipelines Installation Job for CCS Schemes in UK
Saipem has signed a letter of intent for the development of CO2 offshore transportation and storage facilities as part of the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZTP) projects for the East Coast Cluster in the UK.Saipem signed a Letter of Intent, received by the Northern Endurance Partnership (NEP), a joint venture between the operator BP, Equinor, and TotalEnergies, and Net Zero Teesside Power (NZT Power)…
Back to School: Virtual Field Trip for 27,000 Students onboard Saipem 7000
As the maritime and offshore industries cumulatively search for ways to attract the 'next generation,' Saipem has come up with an innovative approach that gives thousands of students the ability to virtually visit work in the offshore environment: two days on board a naval vessel engaged in the construction of a large wind farm in the North Sea. This is the experience that almost 27,000 elementary…
DNV Gives Thumbs Up to Moss Maritime's LH2 Ship Transport Solution
Moss Maritime, Norwegian company specializing in design and engineering services to the offshore energy industry as well as other ocean-based sectors and a subsidiary of Italy's Saipem, has secured an Approval in Principle (AIP) from the classification society DNV for a containment system for ship transport of liquefied hydrogen (LH2).Ship transport of liquefied hydrogen is seen as one of the key technical challenges in realizing the energy transition to a carbon-free future…
Seaway7 and Saipem Partner in Pursuit of Offshore Wind Work
Subsea 7's renewables-focused offshore installation subsidiary Seaway7 on Thursday announced it has struck a deal with offshore services company Saipem to collaboratively pursue projects in the growing offshore wind industry.Under the commercial collaboration agreement, the companies plan to jointly identify, bid and execute fixed offshore wind projects, seeking those "where the combined utilization of the companies’ complementary world-class assets…
Saipem to Use Biofuels on Drilling and Construction Vessels in Mediterranean Sea
Eni's subsidiary Eni Sustainable Mobility and offshore services company Saipem have entered into a Memorandum of Understanding (MoU) to utilize biofuels on Saipem's drilling and offshore construction vessels, focusing on operations in the Mediterranean Sea.Saipem, based in Italy, has a global fleet of 45 vessels for construction and drilling."The MoU represents an important milestone for Eni and Saipem…
Saipem Confirms Targets After Return to Core Profit
Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million).Investors this month agreed to fund only 1.4 billion euros of a life-saving 2 billion euro cash call, leaving the underwriting banks to mop up the remaining new shares.
Saipem Confirms Shell's Gato do Mato FPSO LNTP
Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil.The oil and gas field is located around 200 km offshore Brazil in the Santos Basin, in water depths of around 2,000 meters.The LNTP is valued at up to $50 million.
Bourbon Extends Support for Construction at BP's GTA Hub
Bourbon Mobility said it has been tapped to provide additional support Saipem for the construction of the liquefied natural gas (LNG) terminal on BP’s Greater Tortue…
'Lifting Incident' - Saipem's Giant Crane Vessel Tilts in Norway with 275 People Aboard
Saipem 7000 - File Photo - Credit:Saipem Saipem 7000, Saipem's giant semi-submersible crane vessel, tilted in a fjord in Norway with 275 people aboard, the Norwegian news website vg.no has reported.According to the website, which cited eyewitness accounts, "loud bangs" could be heard on Thursday morning before the 197.95 meters long vessel, with a free deck area of 9,000 m2, listed in Åmøyfjorden outside Stavanger.VG also said there were 275 people on board…
Petronas Awards FEED Contracts for Third LNG Floater
Malaysian oil and gas giant Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah. The project, with a minimum capacity of 2.0 million tonnes per annum (MTPA) is a first of its kind in Malaysia,…
ABS to Class FPSO Pair Being Built for Petrobras Buzios Field
The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class.The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin.ABS said that the fact the FPSO duo would be built to its Class demonstrated ABS’ continued leadership in the industry, with ABS Class accounting for 60% of all FPSOs in service.
Saipem Charters Ultra-deepwater Drillship from Samsung Heavy Industries
Italian oilfield services giant Saipem has chartered a newbuild drillship directly from South Korea's Samsung Heavy Industries shipyard.Saipem expects the drillship - named Samsung Santorini - to be delivered in November 2021, when the Italian firm will take the 7th generation rig on a two-year charter. No dayrate details have been shared. Recent fixtures for 6th/7gen rigs saw dayrates in the $190.000-$210.000 per day range…
Petrobras Orders $2.3B FPSO from Saipem, DSME JV
Italian offshore engineering and construction firm Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), has won a contract with Brazil's Petrobras to build an FPSO for the Búzios offshore field in Brazil.The FPSO P-79 project is worth overall approximately $2.3 billion. Saipem’s portion is approximately $1.3 billion.The FPSO vessel will allow…
Harland & Wolff to Build NnG Offshore Wind Farm Jackets in Methil, Creating 290 Jobs
InfraStrata's Harland & Wolff has won a contract with Saipem to build and load out eight wind turbine generator (WTG) jacket foundations for the EDF Renewables and ESB Energy-owned Neart na Gaoithe offshore wind farm project, located in the outer Firth of Forth in Scotland.The contract value is around £26million (~$35,7 million), with the contract scheduled to start from July 1, 2021.The works for fabrication…
Vroon PSVs Support ENI's Drilling Campaign Offshore Mozambique
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing platform-supply vessels VOS Princess and VOS Principle in support of the drillship SAIPEM 12000.ENI’s campaign will resume in the second half of December, after a suspension due to the COVID-19 pandemic.
Saipem Crew in Isolation after COVID-19 Case on Pipelaying Vessel
Several crewmembers aboard Saipem's offshore vessel FDS in a port in the Netherlands have been placed in isolation after a confirmed COVID-19 case aboard.As reported by Saipem last Friday, one crewmember on the pipelayer was disembarked and transferred to isolation after he was confirmed positive.Responding to Offshore Engineer's requests on how many people were tested, and how many were on board the vessel…
