Saipem SpA (Saipem) is an engineering, procurement, construction (EPC) contractor. It offers integrated basic design, pre-front end engineering design (FEED), management of complex projects, from design to decommissioning in extreme environments including remote areas and deep waters. It serves energy and infrastructure sectors. The company offers drilling services to oil and gas upstream companies. It also offers consulting services to clients in relation to installation and decommissioning of land and sub-sea structures.. Its fleet includes drilling rigs, construction vessels, floating production and storage offloading vessels. It has operational presence in Europe, Americas, Africa, the Middle East, Far East and Oceania, Commonwealth of Independent States, and Asia. Saipem is headquartered in Milan, Italy.
Headquarters
Italy
Address
Via Martiri Di Cefalonia, 67, San Donato Milanese, 20097
Website
www.saipem.com
Telephone
39 02 44231
No of Employees
27,520
Industry
Energy and Utilities
Ticker Symbol & Exchange
SPM (BIT)
Revenue (2022)
$8.1B
-7.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-117.2%
(2022 vs 2021)
Market Cap*
$3.1B
Net Profit Margin (2022)
XYZ
-133.8%
(2022 vs 2021)
* As of and is in US$
Saipem SpA premium industry data and analytics
Products and Services
| Services |
|---|
| Offshore Drilling |
| Onshore Drilling |
| Construction of Pipelines |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In February, the company and Eni Sustainable Mobility signed a memorandum of understanding to employ biofuels on Saipem’s drilling and construction naval vessels. |
| 2023 | Contracts/Agreements | In February, the company and Seaway7 entered into a commercial collaboration agreement to jointly identify, bid and execute fixed offshore wind projects. |
| 2023 | Financing Agreements | In February, the company entered into two new credit facilities of EUR860 million with a pool of national and international banks. |
Competitor Comparison
| Key Parameters | Saipem SpA | John Wood Group Plc | Subsea 7 SA | Aker Solutions ASA | Petrofac Ltd |
|---|---|---|---|---|---|
| Headquarters | Italy | United Kingdom | United Kingdom | Norway | United Kingdom |
| City | San Donato Milanese | Aberdeen | Sutton | Lysaker | Saint Helier |
| State/Province | - | Scotland | - | - | Jersey |
| No. of Employees | 27,520 | 35,479 | - | 14,331 | 7,598 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Silvia Merlo | Chairman | Executive Board | - | - |
| Alessandro Puliti | Chief Executive Officer; General Manager; Director | Executive Board | 2022 | 58 |
| Antonio Paccioretti | Chief Financial Officer; Manager - Financial Statement Preperation | Senior Management | 2021 | 58 |
| Mauro Piasere | Chief Executive Officer - Robotics and Industrialized Solutions | Senior Management | - | 55 |
| Marco Toninelli | Chief Executive Officer - Asset Based Services | Senior Management | 2016 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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