Financial calendar

 

July 30,  2013

Second quarter 2013 results and interim financial report at June 30, 2012

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Saipem Addresses

Outlook Web Access

E&C Onshore

Following the acquisition of several engineering companies over the last years, most prominently of Snamprogetti, Bouygues Offshore and Sofresid, the new Business Unit Saipem Onshore has become one of the world’s largest engineering and construction companies, serving primarily the oil & gas, refining and petrochemical markets as well as a number of diversified industrial ones, such as environment, infrastructure, marine terminals, etc.

Saipem offers a complete range of project definition and execution services, particularly for the “mega-projects” required by the market today: from feasibility and front end studies to design, engineering, procurement and field construction.

Historically, the majority of Saipem projects has been carried out via a single EPC contract, allowing the performance of engineering, procurement and construction on a partially parallel and overlapping basis. Frequently, these projects have been executed with Lump Sum Turn Key (LSTK) contracts.

However, Saipem also excels in the supply of high quality Front End Engineering, the first most crucial step in modern project execution, as well as of continuing project support technical services, such as the assistance throughout project evolution.
Following the recent acquisitions, the integration of Saipem’s many engineering and project management centres in several continents has now been completed. Saipem now adopts a consistent design methodology and project execution philosophy across all its operating centres world wide.

Saipem has always been the leader in maximizing local content, namely the amount of project work performed close to project sites, most often in new emerging economies. This applies to executing engineering locally, as well as to maximizing procured supplies and subcontracts from local vendors.

Saipem today operates from four global engineering centres for onshore projects located in Milan, Italy, Paris, France, Fano, Italy and Chennai, India, as well as from a number of medium size engineering centres in many countries, namely in Algiers, Algeria; Calgary, Canada; Delhi, India; Rome and Vibo, Italy; Bucharest, Romania; Basingstoke, UK. Altogether, Saipem employs over 7000 engineers world-wide in engineering roles. This complex system of design and project management offices balances high execution quality with competitive costs.

Saipem continuously creates new local offices in emerging growth markets. Currently under way is the development of engineering centres in Qatar and Libya. In addition to local engineering, this presence also facilitates the certification of and generally the cooperation with local suppliers and vendors.
Saipem project locations span the globe, from far Eastern Russia to the Americas, in virtually every world market, with Saipem leveraging its proven experience across the most significant sectors of the oil, gas, refining, chemicals, power, environmental industries and infrastructure markets.

The growing thirst for ever larger oil and gas supplies frequently requires the design and execution of very large production and processing plants in very remote locations, often inaccessible, with harsh environmental conditions and very challenging logistics.
Saipem has been ready to face this challenge with the successful execution of several huge and most difficult projects in such inhospitable environments.

last update:  April 21, 2011; h 10:37