Saipem S.p.A. (Società Anonima Italiana Perforazioni E Montaggi) is an Italian oil and gas industry contractor. It was a subsidiary of Italian energy company Eni, which owned approximately 30% of Saipem's shares until 2016.[2] Saipem has been contracted for designing and constructing several pipelines, including Blue Stream, Greenstream, Nord Stream and South Stream.

Saipem S.p.A.
Società per Azioni
Traded asBITSPM
FTSE MIB Component
IndustryOilfield services
HeadquartersSan Donato Milanese, Italy
Key people
Stefano Cao (CEO)
Marco Mangiagalli (Chairman)
ServicesEngineering and construction for offshore and onshore projects; drilling rig, drillship and FPSO operation
RevenueDecrease €8.526 billion (2018)[1]
Decrease €37 million (2018)[1]
Decrease €-497 million (2018)[1]
Total assetsDecrease €5.028 billion (2018)[1]
Total equityDecrease €3.962 billion (2018)[1]
Number of employees
32,000 (2018)[1]
ParentEni, FSI
Eni saipem scarabeo 7
Saipem Scarabeo 7 semi-submersible drilling rig docked in Cape Town


Saipem was founded in 1957 as a service provider for the Eni group, through the merger of Snam Montaggi and a drilling contractor SAIP. In 1960s it started providing services outside the Eni group, and in 1969 it started operating autonomously. At first, Saipem specialized in onshore pipelaying, plant construction and drilling. In 1963 it expanded to offshore operations. Offshore operations started in the Mediterranean and were expanded to the North Sea in 1972.[3]

Since 1984, Saipem is listed at the Milan Stock Exchange. In 2001, Saipem started a number of acquisitions, culminating in the acquisition of Bouygues Offshore s.a. in 2002. Responding to the recent industry trend towards large onshore EPC and EPCI projects, including those related to gas monetisation, exploitation of difficult oil (heavy oil, oil sands, etc.), and in order to strengthen its position in the Middle East and its national oil company client base, in 2006 Saipem acquired and in 2008 has incorporated Snamprogetti.

Saipem is one of the largest turnkey contractors in the oil and gas industry, owning over 50 vessels that deal with all aspects of offshore construction and services activities including drilling and pipe laying. The company has a number of high-profile contracts and works with most major NOCs including Saudi Aramco, ADNOC, and Sonatrach.

In 2008, Saipem was included in Global 100 - Most Sustainable Corporations in the World.[4]

Saipem operates a unit in Nigeria. In 2010, Saipem agreed to pay a penalty of US$30 million to settle a Nigerian investigation into a bribery case involving the construction of Nigeria LNG facilities.[5] Saipem is also under trial in Italy over charges relating to the same case.[6]

In 2013, Saipem was awarded a $3 billion contract for the subsea development of the Egina field offshore Nigeria, which encompasses engineering, procurement, fabrication, installation and pre-commissioning of 52 km of oil production and water injection flow lines, 12 flexible jumpers, 20 km of gas export pipelines, 80 km of umbilicals, and of the mooring and offloading systems.[7]

On 8 February 2015, Saipem won a $1.8 billion contract to engineer and construct two pipelines at the Kashagan field project in the Caspian Sea.[8]

In 2016, Saipem left the sphere of influence of Eni.[2]


Saipem is based in over 60 countries, including:

  • Europe: Italy, France, Belgium, Croatia, Germany, Great Britain, Ireland, Luxemburg, Norway, The Netherlands, Portugal, Spain, Switzerland, Turkey, Poland, Romania, Georgia
  • America: Argentina, Brazil, Canada, Ecuador, Mexico, Peru, U.S.A., Venezuela, Suriname
  • CIS: Azerbaijan, Kazakhstan, Russia
  • Africa: Algeria, Angola, Cameroon, Congo, Egypt, Gabon, Libya, Morocco, Nigeria, Sudan, Mozambique
  • Middle East: United Arab Emirates, Saudi Arabia, Iran, Oman, Qatar, Iraq, Kuwait
  • Far East and Oceania: Australia, China, India, Indonesia, Malaysia, Singapore, Thailand.

The group headed by Saipem S.p.A. includes approximately 90 companies and consortia, based all around the world.


Chairman of the company is Francesco Caio and CEO is Stefano Cao.

Main Offshore Pipe-laying fleets at December 31, 2017

Saipem 7000 Self-propelled, semi-submersible, dynamically positioned crane and pipelay vessel capable of lifting structures of up to 14,000 tonnes and J-laying pipelines at depths of up to 3,000 metres
Saipem FDS Dynamically positioned vessel utilised for the development of deep-water fields at depths of over 2,000 metres. Capable of launching 22” diameter pipes in J-lay configuration with a holding capacity of up to 750 tonnes and a lifting capacity of up to 600 tonnes
Saipem FDS 2 Dynamically positioned vessel utilised for the development of deep-water fields, capable of launching pipes with a maximum diameter of 36” in J-lay mode with a holding capacity of up to 2,000 tonnes and depths up to 3,000 metres. Also capable of operating in S-lay mode with a lifting capacity of up to 1,000 tonnes
Castoro Sei Semi-submersible pipelay vessel capable of laying large diameter pipe at depths of up to 1,000 metres.
Castorone Self-propelled, dynamically positioned pipe-laying vessel operating in S-lay mode with a 120-metre long S-lay stern stinger composed of 3 articulated and adjustable sections for shallow and deep-water operation, a holding capacity of up to 1,000 tonnes, pipelay capability of up to 60 inches, onboard fabrication facilities for triple and double joints and large pipe storage capacity in cargo holds.
Normand Maximus Dynamic positioning ship (acquired through a long-term lease) for laying umbilicals and flexible lines up to a depth of 3,000 meters. It is equipped with a crane that has a lifting capacity of up to 900 tonnes and a 550-tonne vertical lay tower with the possibility of laying rigid flow lines.
Saipem 3000 Mono-hull, self-propelled d.p. derrick crane ship, capable of laying flexible pipes and umbilicals in deep waters (3,000 m) and lifting structures of up to 2,200 tonnes
Castoro II Derrick lay barge capable of laying pipe of up to 60” diameter and lifting structures of up to 1,000 tonnes.
Castoro 10 Trench/pipelay barge capable of burying pipes of up to 60” diameter and of laying pipes in shallow waters.
Castoro 12 Pipelay barge capable of laying pipes of up to 40” diameter in ultra-shallow waters of a minimum depth of 1.4 metres.
Castoro 16 Post-trenching and back-filling barge for pipes of up to 40” diameter in ultra-shallow waters of a minimum depth of 1.4 metres.
Ersai 1 Heavy lifting barge equipped with 2 crawler cranes, capable of carrying out installations whilst grounded on the seabed and is capable of operating in S-lay mode. The lifting capacities of the 2 crawler cranes are 300 and 1,800 tonnes, respectively.
Ersai 2 Work barge equipped with a fixed crane capable of lifting structures of up to 200 tonnes.
Ersai 3 Support barge with storage space, workshop and offices for 50 people.
Ersai 4 Support barge with workshop and offices for 150 people.
Bautino 1 Shallow water post trenching and backfilling barge.
Bautino 2 Cargo barge for the execution of tie-ins and transportation of materials.
Ersai 400 Accommodation barge for up to 400 people, equipped with gas shelter in the event of an evacuation due to H2S leaks.
Castoro XI Heavy-duty cargo barge
Castoro 14 Cargo barge.
Castoro 15 Cargo barge.
S42 Cargo barge.
S43 Cargo barge.
S44 Launch cargo barge
S45 Launch cargo barge
S46 Cargo barge.
S47 Cargo barge.
S 600 Launch cargo barge

Main Drilling fleets at December 31, 2017

  • Semi-submersible platform Scarabeo 5
  • Semi-submersible platform Scarabeo 6
  • Semi-submersible platform Scarabeo 7
  • Semi-submersible platform Scarabeo 8
  • Semi-submersible platform Scarabeo 9
  • Drillship Saipem 10000
  • Drillship Saipem 12000
  • Jack-up Perro Negro 2
  • Jack-up Perro Negro 3
  • Jack-up Perro Negro 4
  • Jack-up Perro Negro 5
  • Jack-up Perro Negro 7
  • Jack-up Perro Negro 8
  • Tender Assisted Drilling Barge

Main FPSO's at December 31, 2017

  • Saipem Cidade de Vitoria
  • Saipem Gimboa
  • Saipem Kaombo

See also


  1. ^ a b c d e f "Saipem Financial Statements 2018" (PDF).
  2. ^ a b
  3. ^
  4. ^ "2009 Global 100 results - Corporate Knights". 22 January 2009. Retrieved 9 April 2018.
  5. ^ Masoni, Danilo (20 December 2010). "Saipem settles Nigeria probe for $30 mln". Reuters. Retrieved 19 February 2011.
  6. ^ "Saipem to go on trial on Nigeria charges". Reuters. 26 January 2011. Retrieved 19 February 2011.
  7. ^ "Total awards contracts for Egina field". Oil Online. Retrieved 25 June 2013.
  8. ^ "Saipem wins $1.8 billion Caspian Sea pipeline contract". Petro Global News. Retrieved 18 February 2015.

Essential bibliography

  • (en) Paul H. Frankel, Oil and Power Policy, New York - Washington, Praeger, 1966
  • (en) Marcello Boldrini, Mattei, Rome, Colombo, 1969
  • (it) Marcello Colitti, Energia e sviluppo in Italia, Bari, De Donato, 1979
  • (it) Nico Perrone, Enrico Mattei, Bologna, Il mulino, 2001 ISBN 88-15-07913-0

External links

Blue Stream

Blue Stream is a major trans-Black Sea gas pipeline that carries natural gas from Russia into Turkey. The pipeline has been constructed by the Blue Stream Pipeline B.V., the Netherlands based joint venture of Russian Gazprom and Italian Eni. The Blue Stream Pipeline B.V. is an owner of the subsea section of pipeline, including Beregovaya compressor station, while Gazprom owns and operates the Russian land section of the pipeline and the Turkish land section is owned and operated by the Turkish energy company BOTAŞ. According to Gazprom the pipeline was built with the intent of diversifying Russian gas delivery routes to Turkey and avoiding third countries.

Bouri Field

The Bouri Offshore Field is part of Block NC-41, which is located 120 kilometers (75 mi) north of the Libyan coast in the Mediterranean Sea. It was first discovered in 1976 at a depth of 8,700 feet (2,700 m) and is estimated to contain 4.5 billion barrels (720,000,000 m3) in proven recoverable crude oil reserves and 3.5 trillion cubic feet (99 km3) of associated natural gas with an annual production potential of 6 billion m³. Bouri is considered the largest producing oilfield in the Mediterranean.

Castoro Sei

The Castoro Sei (Italian for Beaver Six) is a column stabilized semi-submersible pipelay vessel. She has an overall length of 152 metres (499 ft), a width of 70.5 metres (231 ft) and an operating draught of 7.8 to 15.5 metres (26 to 51 ft).

The Castoro Sei is equipped with 2 rotating gantry cranes 134 tonnes capacity, three 130 tonnes pipe tensioners and a 400 tonnes abandon and recovery winch for pipelaying. She provides accommodation for 354 people.The firing line comprises the fixed pipelay ramp, enclosed in the central housing, running along the longitudinal centreline of the vessel. It is connected to an internal and external ramp, both of which have adjustable inclination to facilitate pipelay in varying water depths. A ramp extension unit is available for use in deep water or for severe seabed conditions.The Castoro Sei was built in 1978 by Fincantieri at Trieste yard, and is owned and operated by Saipem. Her port of registry is Nassau, Bahamas.

She has been used for laying a number of pipelines in the Black Sea, North Sea and Mediterranean Sea, including Blue Stream, Greenstream, Medgaz, Trans-Mediterranean, Europipe II, and BBL pipelines. The vessel is also deployed for laying the Nord Stream pipeline in the Baltic Sea.

Crane vessel

A crane vessel, crane ship or floating crane is a ship with a crane specialized in lifting heavy loads. The largest crane vessels are used for offshore construction. Conventional monohulls are used, but the largest crane vessels are often catamaran or semi-submersible types as they have increased stability. On a sheerleg crane, the crane is fixed and cannot rotate, and the vessel therefore is manoeuvered to place loads. As of 2019, the largest crane vessel in the world is the CNOOC Limited owned Lanjing, having 3 cranes of capacities 7500 tonnes, 4000 tonnes and 1600 tonnes.

Francesco Caio

Francesco Caio, is Chairman of the Board of Directors of Saipem since May 2018.

He also serves on the Board of Directors of BNL - BNP as non executive director and Chairman of the remuneration Committee.

Gjøa oilfield

Gjøa oilfield is an oilfield in the Norwegian section of the North Sea. It lies about 70 kilometres (43 mi) off the Troll field.

The Gjøa reserves are estimated to be about 40 billion cubic metres of natural gas and 83 million barrels (13.2×10^6 m3) of oil and condensate.The oil field was discovered in 1989 and the development was announced in December 2006. It was developed by the consortium of Statoil, ENGIE, Petoro, Royal Dutch Shell and RWE Dea. During the development phase, the operator of the field was Statoil. Once production began in 2010 ENGIE took over the operatorship. The field came on stream in November 2010, and it reached plateau production in 2013. The total investment is about 27 billion Norwegian kroners.. In 2018 A/S Norske Shell sold its interest to norwegian SA OKEA.

Produced gas is transported through the FLAGS pipeline to the St Fergus Gas Terminal in Scotland. Gjøa is connected to the FLAGS pipeline through the 130-kilometre (81 mi) 28-inch (710 mm) link built by Saipem. The linking pipeline was laid by the Castoro Sei vessel. Oil is exported through the 55-kilometre (34 mi) 16-inch (410 mm) link to the Troll II trunkline, and onwards to the Mongstad Refinery north of Bergen.

The gas field came on stream in November 2010.Gjøa semi-submersible floating production platform is also linked with the Vega and Vega South fields development.Gjøa semi-submersible floating production platform was designed by Aker Solutions Engineering in 2006-2010.

Hywind Scotland

Hywind Scotland is the world's first commercial wind farm using floating wind turbines, situated 29 kilometres (18 mi) off Peterhead, Scotland.

The farm has five Hywind floating turbines with a total capacity of 30 MW. It is operated by Hywind (Scotland) Limited, a joint venture of Equinor (75%) and Masdar (25%).Equinor (then: Statoil) launched the world's first operational deep-water floating large-capacity wind turbine, Hywind, in 2009. The 120 metres (390 ft) tall tower with a 2.3 MW turbine was towed 10 kilometres (6.2 mi) offshore into the Amoy Fjord in 220 metres (720 ft) deep water, off of Stavanger, Norway on 9 June 2009 for a two-year test run.In 2015, the company received permission to install the wind farm in Scotland. Manufacturing for the NOK2 billion (£152m) project started in 2016 in Spain, Norway and Scotland. The turbines were assembled at Stord in Norway in summer 2017 using the Saipem 7000 floating crane, and the finished turbines were moved to near Peterhead. Three suction cup anchors hold each turbine. Hywind Scotland was commissioned in October 2017.

Libya–Malta relations

Libyan-Maltese relations are foreign relations between Libya and Malta. Both countries established diplomatic relations soon after Malta's independence. Both countries had very close ties and cooperation during Dom Mintoff's governments. Libya has an embassy in Attard and Malta has an embassy in Tripoli. In 2013, Libyan Prime Minister Ali Zeidan, said that the relationship between the two countries is "excellent".

Onshore (hydrocarbons)

Onshore, when used relative to hydrocarbons, refers to an oil, natural gas or condensate field that is under dry land or to activities or operations carried out in relation to such a field.

Peru LNG

Peru LNG is a natural gas liquefaction plant in Pampa Melchorita, Peru, at the 170-kilometre (110 mi) of the South Pan American Highway in San Vicente de Cañete. It is the first natural gas liquefaction plant in South America.The plant was officially inaugurated on 10 June 2010, and cost US$3.8 billion. It has a nominal capacity of 4.4 million tons of LNG per year. The production complex also consists of two storage tank with a capacity of 130,000 cubic metres (4,600,000 cu ft) of LNG) each, a marine terminal, and a supply pipeline. The plant is supplied from Repsol YPF and Petrobras developed fields near the Camisea fields. The 34-inch (860 mm) supply pipeline runs 408 kilometres (254 mi) from Chinquintirca in Ayacucho area to the LNG plant.The plant was designed and built by Chicago Bridge & Iron Company. The marine terminal was built by the CDB consortium (Saipem, Jan De Nul, and Odebrecht). The pipeline system was installed by Techint.The LNG plant is operated by Peru LNG which is a consortium of Hunt Oil Company (50%), SK Energy (20%), Shell (20%), and Marubeni (10%).

Petronius (oil platform)

Petronius is a deepwater compliant tower oil platform operated by Chevron in the Gulf of Mexico, 210 km southeast of New Orleans, United States.

A compliant piled tower design, it is 609.9 metres (2,001 ft) high, and was arguably the tallest free-standing structure in the world, until surpassed by the Burj Khalifa in 2010, although this claim is disputed since only 75 metres of the platform are above water. The multi-deck topsides are 64 metres by 43 metres by 18.3 metres high and hold 21 well slots, and the entire structure weighs around 43,000 tons. Around 8,000 m3 (50,000 barrels) of oil and 2,000,000 m3 (70 million cubic feet) of natural gas are extracted daily by the platform.

The platform is situated to exploit the Petronius field, discovered in 1995 in Viosca Knoll (block VK 786) and named after Petronius, the Roman writer. The seabed is 535 m (1,754 ft) below the platform. The compliant tower design is more flexible than conventional land structures to cope better with sea forces. It can deflect (sway) in excess of 2% of height. Most buildings are kept to within 0.5% of height in order to have occupants not feel uneasy during periods of movement.

Construction began in 1997 by J Ray McDermott with the seabed mooring system. The contract for the platform was budgeted at $200 million with total costs of around $500 million. The 4000-tonne North Module was installed in November 1998, but the attempt to install the slightly lighter South Module in December of that year ended with the unit on the seabed. A replacement module was built and installed by Saipem 7000 in May 2000.

SSCV Thialf

The SSCV Thialf is a semi-submersible crane vessel operated by Heerema Marine Contractors, and it was the largest crane vessel in the world until the Sleipnir became the largest in 2019.

Saipem 7000

The Saipem 7000 is the world's third largest crane vessel, after the Sleipnir and the Thialf. It is owned by the oil and gas industry contractor Saipem S.p.A.

Saipem Nigeria

Saipem Nigeria is the Nigerian subsidiary company of Saipem, with a huge structure covering all sort of services to the Oil & Gas Industry such as Drilling On/Offshore, construction activities on/offshore (pipelines, power plants, fabrication activities) Engineering, Maintenance.

EPIC/EPC Contractor with head offices in Lagos and New operational Base in Port Harcourt (Rumulumeni area).

Saipem is under trial in Italy over charges relating to bribery in Nigeria.

Scarabeo 8

Scarabeo 8 is an ultra deepwater 6th generation semi-submersible drilling rig. It is owned and operated by Saipem. The vessel is registered in Nassau, Bahamas.

Scarabeo 9

Scarabeo 9 is a Frigstad D90-type ultra deepwater 6th generation semi-submersible drilling rig. It is owned and operated by Saipem. It was named by Anna Tatka, the wife of Pietro Franco Tali, CEO of Saipem. The vessel is registered in Nassau, Bahamas.

Scotland-Northern Ireland pipeline

Scotland-Northern Ireland Pipeline (SNIP) is a 24-inch, 135 km long natural gas pipeline which runs from Twynholm, Scotland and Islandmagee in Northern Ireland.

In March 1992 Northern Ireland Secretary Peter Brooke announced the first stage of the privatisation of Northern Ireland Electricity, the province's nationalised utility company; A major part of this was the sale of Ballylumford power station in Northern Ireland to British Gas for £132 million. This oil-fired power plant provided more than half of the power needs of the 600,000 customers in Northern Ireland. British Gas simultaneously announced its plans to set up Premier Transco to build and operate a natural gas pipeline between Scotland and Northern Ireland, to convert Ballylumford to natural gas, and to set up a commercial supply company for natural gas (what would become Phoenix Natural Gas).In 1994 Premier Transco awarded the contract for design and construction of the SNIP to European Marine Contractors (EMC), a 50-50 venture of Brown & Root Inc. and Saipem. Pipe production began in 1994 at the Hartlepool, England, plant of British Steel plc. EMC used the Castoro Sei semi-submersible laybarge to install the line. The pipeline was completed in 1996

The route and construction of the pipeline were both controversial due to concerns of it disrupting a weapons dump in and around Beaufort's Dyke. There are no accurate figures available from the [UK Ministry of Defence] for its disposal operations but it estimates that over a million tons of conventional weapons were disposed of between 1946 and 1963 with Beaufort's Dyke being the main site, just 25 miles off the coast of Larne. Sites off Donegal and the Cork/Kerry coast were also used after the second World War.

Umberto Vergine

Umberto Vergine is an Italian businessman. He was appointed Chief Executive Officer of Saipem on 5 December 2012.

FTSE MIB companies of Italy


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