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SpecTec Group Secures Agreement With Saipem

Maritime Activity Reports, Inc.

September 7, 2000

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, platforms, supply vessels and on-shore oil drilling sites. The contract follows the successful test of the integration of AMOS for Windows product with all modules of the SAP suite of software. The agreement, reached in co-operation with Andersen Consulting and Enidata, has a potential value of $1.1 million, of which $275,000 has already been allocated.

After a thorough review of competing systems, Saipem chose AMOS. The first phase of the project will be completed by the end of the year, but installations on all of Saipem's mobile units and supply ships may take up to two years.

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