Saipem
Saipem S.p.A. is an Italian multinational company that operates as a contractor in the oil and gas industry, particularly in remote and deepwater locations. Founded in 1957, it has established its headquarters in Milan, Italy. As a leader in engineering, procurement, construction (EPC), and drilling services, Saipem specializes in the design, construction, and operation of complex, safe, and sustainable infrastructures and plants worldwide.
| Company type | Società per Azioni |
|---|---|
| BIT: SPM FTSE MIB Component | |
| Industry | Oilfield services |
| Founded | 1957 |
| Founder | Enrico Mattei |
| Headquarters | Milano, Italy |
Key people | Puliti Alessandro (CEO) Silvia Merlo (Chairman) |
| Services | Engineering and construction for offshore and onshore projects; drilling rig, drillship and FPSO operation |
| Revenue | €8.526 billion (2018) |
| €37 million (2018) | |
| €-497 million (2018) | |
| Total assets | €5.028 billion (2018) |
| Total equity | €3.962 billion (2018) |
Number of employees | 32,000 (2018) |
| Website | www.saipem.com |
The company engages in extensive engineering and construction activities, offering advanced technological solutions. Its services cover integrated basic design, pre-front end engineering design (FEED), and the management of complex projects from inception to decommissioning. Saipem S.p.A.'s operations are broad, catering to the oil and gas sector's demands in challenging environments like deep waters and isolated areas, which demand specialized expertise and technology. They have a role in engineering and construction services for the oil and gas industries, with their business activities and net sales distributed across various services within the EPC sector.
Saipem was previously a subsidiary of the Italian oil and gas supermajor Eni until 2016, but now operates independently with Eni retaining about 30% of its shares. This relationship signifies the strategic importance of Saipem within the energy sector and its close ties with major players in the industry.