Saipem Will Carry Out Marine Engineering Work in Saudi Arabia Worth about $1 Billion
The work will be carried out under two contracts at the Marjan, Zulur and Safaniya oil and gas fields. Saipem has signed two contracts in Saudi Arabia as part of its current long-term agreement with Saudi Aramco. The total value of the two contracts is about $1 billion. Under the …
Italian Saipem Will Carry Out Work at Shah Deniz and ACG for $300 Million
BP has signed a $300 million contract with a consortium led by Italy’s Saipem for work on the Shah Deniz and Azeri-Chirag-Gunashli (ACG) offshore projects in Azerbaijan. Under the contract, Saipem, in cooperation with BOS Shelf and BOS Shelf International, FZCO agreed with the operator of Azerbaijani projects BP on …
A Framework Agreement Was Signed with BP on Operations on the Caspian Shelf of Azerbaijan
The total cost of services is estimated at about $ 300 million. The framework agreement on underwater work in the territorial waters of Azerbaijan in the Caspian Sea was signed in Milan on July 12, 2024. This was reported in the Italian company Saipem. The document was signed between the …
Italian Saipem Has Signed a Contract with Azule Energy to Develop the Ndungu field offshore Angola
The contract value is $850 million. Italian energy company Saipem has awarded a contract to Azule Energy, a joint venture between Eni and BP, to develop the Ndungu field as part of the Agogo Integrated West Hub project offshore Angola. Saipem is one of the largest in the world, an …
Saipem to Build Infrastructure for OMV Petrom’s Black Sea Project
The Italian Saipem has concluded an EPCIC contract (construction, supply, installation and commissioning) with OMV Petrom for a gas production platform and other infrastructure for the implementation of the largest gas project on the Black Sea shelf in Romania – Neptun Deep, the Italian company said. The platform will be …
Saipem: the Board of Directors Approves the 2022 Consolidated and Draft Statutory Financial Statements, Convening the Annual General Shareholders’ Meeting
2022 preliminary results are confirmed as per the press release of February 27, 2023 Main consolidated results continuing operations: Revenues: €9,980 million Adjusted EBITDA: €595 million EBITDA: €543 million Adjusted EBIT: €150 million EBIT: €98 million Adjusted net result: loss of €139 million Net result: loss of €209 million Milan, …
Saipem: Rossella Carrara, new Director External Communication and Brand Management
Saipem announces that as of March 14, Rossella Carrara will take on the position of Director of External Communication and Brand Management, reporting directly to CEO Alessandro Puliti, with the responsibility of defining corporate communication strategies and developing the company’s image and reputation. Specifically, Rossella Carrara will coordinate media relations …
Saipem Strengthens its Offshore Drilling Fleet: Purchase Option Exercised for the Santorini Drillship
Saipem has exercised its purchase option concerning the seventh-generation Santorini drillship, which is already operating within the Saipem fleet by way of a long-term charter agreement signed with Samsung Heavy Industries in 2021. The exercise price of the purchase option is 230 million USD, to be paid by the end …
Saipem: Closing of Sale of Onshore Drilling Business to KCA Deutag
In the sale of its onshore drilling business, Saipem transfers the majority of its activities in the Middle East and Africa to KCAD and receives 488 million USD (including usual price adjustments) to which is added a 10% share participation in KCAD The remaining activities in the Americas, Kuwait, Kazakhstan …
Saipem: Revises Backlog and Withdraws Outlook Announced on October 28, 2021
The Board of Directors of Saipem S.p.A., chaired by Silvia Merlo, met over the weekend to examine the scenarios arising from the work currently being undertaken by management to prepare the preliminary consolidated results as of December 31, 2021. The review of the backlog of contracts awarded in the past …