SAIPEM: Rapid build-up in new contracts acquisition in E&C during second quarter

San Donato Milanese (Milan), May 21, 2013 – Saipem announces that it has already exceeded 50% of its new contract acquisition target for 2013 in the Engineering & Construction (E&C) Business Unit. 

The total value of new contracts acquired from January 2013 to date in the E&C Business Unit (some of which will be communicated in the next weeks) is approximately €6.1 billion, and supports the likelihood of achieving a full-year order intake, similar to recent years, of approximately €11 billion.  

CEO U. Vergine emphasizes: “Although this is a partial intermediate result for 2013, we are very pleased; not only does it help guarantee our target activity levels in Saipem, but we are progressing with our objective of improving the marginality of our order backlog.  The E&C contracts acquired since January imply margins that so far represent an improvement of at least 40% compared with those acquired in 2012”. 


Saipem is organized 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 monetization and heavy oil exploitation.

Main telephone number: +39-025201
Shareholder Information  Saipem S.p.A., Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI)

Relations with Institutional Investors and Financial Analysts:
Tel: +39-02520.34653
Fax: +39-02520.54295

Relations with media: Barabino & Partners
Tel: +39-066792929

Tel: +44 20 71526425

SAIPEM: Rapid build-up in new contracts acquisition in E&C during second quarter

pdf - 12-2022