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 Suspends South Stream Project Activities
Italian oil services group Saipem said on Thursday it had been notified of the suspension of "Marine Spread Activities" as part of the South Stream project. Russia…
Saipem in Subsea Deal with Chiyoda, Xodus
Italian oil service group Saipem said on Thursday it had set up a venture with energy consultant Xodus Group and Japanese engineering company Chiyoda to develop business in the subsea sector. Saipem, 43 percent controlled by Italian oil major Eni , said the new company called Xodus Subsea would provide services focusing on the early phase of projects. "We believe that the subsea sector is continuing…
Saipem Bags $750m E&C Contracts in Gulf of Mexico
Saipem has been awarded new offshore Engineering & Construction contracts in the Gulf of Mexico, for a total amount of approximately $750 million. Pemex has awarded…
Saipem Awarded New Drilling Contracts of $850 mi
Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are…
Offshore Rig Overcapacity: Statoil to Suspend Saipem Contract
Owing to overcapacity in its rig portfolio, Statoil says it will suspend its contract with Saipem for the rig Scarabeo5 from the autumn of 2014, provisionally for the remainder of the year.
Costa Chooses Saipem to Scrap Concordia
Costa Cruises has chosen a consortium including oil service company Saipem to scrap the hulk of the Costa Concordia cruise liner which capsized off the Tuscany coast in 2012…
Saipem wins $520m offshore contracts in Congo, Indonesia
(Reuters) - Saipem has won new contracts for off-shore engineering and construction in Congo and Indonesia worth a total $520 million, the Italian oil services group said on Monday.
Fairmount Fuji Assists Saipem in Congolese Waters
Fairmount Marine’s multipurpose vessel Fairmount Fuji has assisted Italian contractor Saipem with her operations offshore Congo. Fairmount Fuji has performed several cargo runs between Siapem’s Boscongo yard in Pointe Noire and the offshore Congo moored drilling ship Siapem 1000. Fairmount Fuji also took care of the transport of Saipem crew. Drilling ship Saipem 1000, a fifth-generation drilling ship for ultra deepwater operations, was moored offshore Congo pending her next assignment.
Saipem Jack-up Rig Collapses Offshore Congo
One of the 3 legs of the jack-up drilling rig 'Perro Negro 6' collapsed and the rig capsized to subsequently sink near the mouth of the Congo River. The accident occurred during rig positioning on location prior to starting drilling operations, between the coasts of Angola and the Democratic Republic of Congo, in approximately 40 metres of water. After significant tilting of the rig when the support leg collapsed, the 103 crew members were taken off.
Caley Upgrades Saipem Reel Carousel
Offshore handling systems specialist, Caley Ocean Systems completed the refurbishment and upgrade of a 2,500-ton, 25-meter diameter reel carousel for Italian offshore contractor Saipem. The reel carousel will be used to transport umbilicals and flowlines from Norway to China on Big Lift heavy lift vessel Happy Rover, for the deepwater Liwan 3-1 field gas project in the South China Sea. Originally supplied over 15 years ago by Caley…
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…
