Saipem: Board of Directors approves Interim Report as at September 30, 2011

 Adjusted net profit for the first nine months of 2011 reached Euro 663 million: +12.2% compared to the same period in 2010.
 Adjusted net profit for the third quarter of 2011 reached Euro 225 million: +6.6% compared to the third quarter of 2010.
 New contracts won during the first nine months of 2011 amounted to Euro 8,777 million (Euro 9,623 million in the first nine months of 2010); the backlog at September 30, 2011 stood at Euro 20,101 million (Euro 20,490 million at June 30, 2011).
 Investments in the first nine months of 2011 amounted to Euro 818 million (Euro 1,153 million in the first nine months of 2010).
 Guidance for the 2011 Financial results is confirmed. 

Saipem is organised into two Business Units: Engineering & Construction 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 execution of large-scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation. 

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