Saipem Press Release

San Donato Milanese (Milan), August 12, 2015 – Today, Saipem S.p.A. received notice of an impending investigation and a request for documentation from the Public Prosecutor of the Republic in Milan in relation to new criminal proceedings for the alleged crime of international corruption opened by the judicial authorities in Milan. These proceedings concern a contract that the Brazilian company Petrobras awarded to Saipem SA (France) and Saipem do Brasil (Brazil) in 2011.

As of today, the Saipem Group has not received any notification regarding this matter from the judicial authorities in Brazil. 


As learned only from the press in the month of June 2015, the judicial authorities in Brazil have launched investigations concerning this contract against several Brazilian citizens, including a former consultant of Saipem do Brasil.   


Saipem S.p.A. is cooperating fully with this impending investigation and in June 2015 launched an internal audit, upon learning that an enquiry had been opened in Brazil against a former consultant of Saipem do Brasil. These internal audit is still ongoing. 

 

Saipem operates in the Engineering & Construction and Drilling businesses, with a strong bias towards oil & gas-related activities in remote areas and deep-waters. 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.

Website: www.saipem.com
Switchboard: +39 0244231 

Media relations
Tel: +39 0244234088;
E-mail: media.relations@saipem.com 

iCorporate press office
Tel: +39 024678752; Mobile: +39 3669134595;
E-mail: saipem@icorporate.it 

Relations with institutional investors and financial analysts
Tel: +39 0244234653; Fax: +39 0244254295;
E-mail: investor.relations@saipem.com 

Contact point for retail investors  
E-mail: segreteria.societaria@saipem.com 

Saipem Press Release

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