Saipem SpA - Company Profile
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Saipem SpA (Saipem) is a leading engineering, procurement, and construction (EPC) contractor. A strong order backlog, vessel utilization and business performance of asset based services strengthened its operations, even as a decline in working capital and frequent accidents remain a cause for concern. Contracts and agreements, a positive outlook for upstream investment and growth initiatives could provide growth opportunities to the company. However, increased regulations for hydraulic fracturing, fluctuations in the price of oil, and political unrest in the Middle East and Africa could affect its operations.
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