Saipem SpA

Detailed Description

Saipem SpA engages in the engineering, procurement, and construction of projects in the energy and infrastructure sectors worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers offshore E&C products and services, including platforms, pipelines, undersea field developments, maintenance, modification, and operation activities. The company also designs and builds plants, pipelines, pumping stations, compressor stations, and terminals; and provides engineering, procurement, project management, and construction services primarily for the oil and gas, civic and maritime infrastructures, and environmental markets. In addition, it provides offshore and onshore drilling services; refining, synthesis gas and fertilizers, petrochemical, and renewables and green technologies; upstream and liquefied natural gas projects; high tech floaters; offshore full field developments; trunklines; and decommissioning services. In addition, the company offers infrastructure solutions, such as high-speed rails and railways; and develops and produces solar arrays, integrated bio-refineries, wind farms, geo-thermal energy, and waste-to-energy projects. As of December 31, 2020, its offshore drilling fleet consisted of twelve vessels, including five ultra-deep-water units, five high specification jack-ups, one standard jack-ups, and one barge tender rig. The company also operates 9 fabrication yards and a sea fleet of 44 vessels; and onshore drilling fleet comprised 85 units. Saipem S.p.A. is headquartered in Milan, Italy.