Last €8.96 EUR
Change Today +0.356 / 4.14%
Volume 450.0
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Company Description

Contact Info

Via Martiri di Cefalonia, 67

San Donato Milanese

Milan, MI 20097

Italy

Phone: 39 02 5201

Fax: 39 02 52 04 44 15

Saipem SpA, through its subsidiaries, provides engineering and project management services worldwide. The company operates primarily in Europe, the Americas, C.S.I., Africa, Middle East, and Far East and Oceania. The company is a subsidiary of Eni S.p.A. Divisions The company operates in six divisions: Offshore Construction; Onshore Construction; Leased FPSO; Maintenance, Modification, and Operations (MMO); Liquefied Natural Gas (LNG); and Drilling. Offshore Construction The Offshore Construction division, through its fleet of semisubmersible vessels, provides integrated turn-key solutions to oil companies, as well as engages in the design, construction, and installation of offshore structures and sea lines in shallow and deepwater. Saipem operates technologically advanced vehicles, such as subsea ROVs (Remotely Operated Vehicles), including purposely-equipped robots, able to carry out deep-water pipeline interventions. In the Offshore Construction sector, Saipem s.a. operates along with its direct subsidiaries Saibos Construções Maritimas, Bos Congo, Petromar, PT Sofresid Indonesia and its associated company Offshore Design Engineering. Saipem UK, Saipem America, Saipem (Malaysia), Saipem Asia, PT Saipem Indonesia, Saipem Luxembourg, Saipem (Portugal) Comercio Marítimo, Sonsub, Intermare Sarda, Saipem Contracting (Nigeria), Saipem Energy International, Saipem FPSO, ERS Equipment Rental & Services, Saipem Mediterranean Services, StarGulf, ER SAI Caspian Contractor, Bos Shelf and Moss Maritime also operate in this sector. Onshore Construction The Onshore construction division provides onshore pipeline installation services from conceptual design to construction, and commissioning covering pipelines, oil and gas production and processing facilities, power plants, and refineries. The company has laid onshore pipeline in approximately 60,000 kilometers in 20 countries worldwide. The Company engages in the laying of large-diameter pipelines, especially in various environmental conditions and in remote locations. Saipem offers its services through EPC Lump Sum Turnkey contracts. The regions in which the company operates are Western Europe, North and West Africa, Middle East, Russia and Central Asia and the Far East. The company engages in the Karachaganak project in Kazakhstan. Other main projects under execution are located in Algeria, Nigeria and Saudi Arabia. Leased FPSO The Leased FPSO division offers floating production, storage, and offloading systems. It also provides engineering, procurement, construction, and installation services worldwide. In addition to Saipem S.p.A., companies operating in the Leased FPSO sector are: FPSO - Firenze Produção De Petróleo Lda., FPSO - Mystras Produção De Petróleo Lda. The companies providing support in respect of engineering, procurement and project management include Moss Maritime, Saipem s.a., Saipem Energy International S.p.A. Saipem Fpso S.p.A. and Saipem Luxembourg s.a. Liquefied Natural Gas (LNG) The LNG division engages in building onshore regasification terminals and storage tanks. Saipem has entered this market through Moss Maritime acquisition, and it has added SN Technigaz, a Bouygues Offshore subsidiary, capabilities. Operational activities are focused in the Mediterranean Sea, in addition to two projects underway in India and China. Maintenance, Modification, Operation (MMO) The MMO division offers end-to-end solutions, including integration of operations and maintenance services for energy services businesses. It also offers industrial maintenance services. In this sector, Saipem s.a. provides services in Western Europe and Russia, in petrochemical plants and refineries, and in West Africa in upstream oil infrastructure. Operations are carried out through the companies Camom, Tecnoprojecto Internacional Projectos e Realizaçoes Industriais and Petromar. Also operating in this sector is Energy Maintenance Services S.p.A.; a company jointly owned and managed with Eni Exploration & Production, which focuses on maintenance activities for all Eni E&P’s industrial plants in Italy. Drilling The Drilling division provides offshore and onshore drilling services. Offshore drilling: Saipem engages in deep and ultra-deep water operations. The Company's mobile offshore drilling fleet consists of one drillship (the Saipem 10000, capable of working at depths of approximately 3,000 metres using its dynamic positioning system), five semisubmersibles (including the Scarabeo 7, a semi-submersible vessel capable of operating at water depths of approximately 1,500 metres and the Scarabeo 5, a fourth generation semi-submersible vessel capable of working at water depths of approximately 1,800 metres and drilling to a depth of 9,000 metres) and four cantilevered jackups (three of them with top drive drilling systems). In addition to these vessels, the Company operates platform workover rigs on behalf of oil companies. The company has primary operations in offshore Norway, West and North Africa, the Persian Gulf. Onshore Drilling: Saipem carries out onshore drilling activities on behalf of international oil and gas companies, focusing on few specific areas worldwide. The company and its subsidiaries operate in Saudi Arabia, Algeria, Egypt, Italy Nigeria, Kazakhstan, South America and Russia. The Company owns 27 drilling rigs and 12 workover rigs capable of operating at depths ranging from 2,500 shallow depth to 10,000 meters in high temperatures and high pressure enviroment., Saipem also operates other rigs either owned in joint venture or wholly owned by third parties. These operated rigs are located in India, Peru and Kazakhstan. History Saipem SpA was founded in 1953.

 

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