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Saipem awarded new onshore contracts worth approximately $1 billion

 January 14, 2011; h 11:00

San Donato Milanese (Milan), 14 January 2011– Saipem has been awarded new onshore contracts worth approximately US$1 billion.

In Australia, Gladstone LNG Operations Pty Ltd awarded Saipem the EPC contract for the engineering, procurement and construction of a gas pipeline, 42 inches in diameter and 435 kilometres-long, which will connect the gas fields in the Bowen and Surat Basins, in the area between Roma and Emerald, Queensland, to the Gladstone State Development Area (GSDA) on the Coral Sea shore, near the city of Gladstone, Queensland, where a LNG liquefaction and export facility will be built.
The pipeline will be entirely buried and a number of mitigation measures will be implemented during pipeline construction to minimise the environmental impact to sensitive areas, including weed control, rehabilitation and biodiversity offsetting.
The works will be completed in the third quarter of 2013.

Furthermore, in West Africa and the Middle East, Saipem has agreed with its clients various increases in the scope of its work on existing onshore contracts.

Saipem is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.


Website:www.saipem.com
Switchboard:+39-02520.1
Shareholder Information:
Saipem S.p.A. - Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI) - Italy

Relations with institutional investors and financial analysts:
Tel.:+39-02520.34653 - Fax: +39-02520.54295
E-mail:investor.relations@saipem.com