(Redirected from Snamprogetti)

Saipem S.p.A. (Società Anonima Italiana Perforazioni E Montaggi) is an Italian multinational oilfield services company and one of the largest in the world. Until 2016 it was a subsidiary of Italian oil and gas supermajor Eni, which still retains approximately 30% of Saipem's shares.[2]

Saipem S.p.A.
Società per Azioni
Traded asBITSPM
FTSE MIB Component
ISINIT0000068525 Edit this on Wikidata
IndustryOilfield services
FounderEnrico Mattei
HeadquartersSan Donato Milanese, Italy
Key people
Stefano Cao (CEO)
Marco Mangiagalli (Chairman)
ServicesEngineering and construction for offshore and onshore projects; drilling rig, drillship and FPSO operation
RevenueDecrease €8.526 billion (2018)[1]
Decrease €37 million (2018)[1]
Decrease €-497 million (2018)[1]
Total assetsDecrease €5.028 billion (2018)[1]
Total equityDecrease €3.962 billion (2018)[1]
Number of employees
32,000 (2018)[1]
Saipem Scarabeo 7 semi-submersible drilling rig docked in Cape Town


Early historyEdit

The history of Saipem is deeply connected to Enrico Mattei's management era of Eni during the years of the Italian economic miracle. In the early 1950s Mattei had reorganized the Italian oil industry through a complex system of outright acquisitions and government investments, in order to guarantee Italy's self-reliance in energy.[3]

At first, Mattei focused on natural gas, the only abundant source of energy available in mainland Italy, through Snam, a newly formed gas pipelines company. In the late 1950s, Eni's subsidiary Snam came to head two sub-holdings: Snam Montaggi, created in 1955 to build pipelines and drilling platforms, and Snam Progetti, created in 1956, specializing in tankers. In 1957 drilling company Saip, a subsidiary of Agip (Eni's fuel retailer), was merged with Snam Montaggi to create Saipem.[4]

Saipem was a pioneer in offshore drilling in Europe, and in the early 1960s it allowed Mattei to initiate the Central European Line pipeline, running from the port of Genoa to West Germany, where Eni Deutschland subsidiary was building refineries in Ingolstadt.[5] In addition, in 1961 Saipem built a 1,140 km long oil pipeline in India and a gas pipeline in Iraq.[6]

1970s to 1990sEdit

In 1978 Sapiem was commissioned the construction of IGAT-2 pipeline in Iran. About 80 per cent of the line had been completed by 1985, when the works had to be halted because of the Iran-Iraq war.[7]

In the mid 1970s Saipem started the construction of the massive Trans-Mediterranean Pipeline, linking Algeria to Italy.[8] In 1996 the Maghreb–Europe Gas Pipeline linked Algerian gasfields to Spain.

21st centuryEdit

In 2001, Saipem started a number of acquisitions, culminating in the purchase of Bouygues Offshore s.a. in 2002. Responding to the recent industry trend towards large onshore EPC and EPCI projects, including those related to gas monetisation, exploitation of difficult oil (heavy oil, oil sands, etc.), and in order to strengthen its position in the Middle East and its national oil company client base, in 2006 Saipem acquired and in 2008 has incorporated Snamprogetti.

Saipem is one of the largest turnkey contractors in the oil and gas industry, owning over 50 vessels that deal with all aspects of offshore construction and services activities including drilling and pipe laying. The company has a number of high-profile contracts and works with most major NOCs including Saudi Aramco, ADNOC, and Sonatrach.

In 2008, Saipem was included in Global 100 - Most Sustainable Corporations in the World.[9]

Saipem operates a unit in Nigeria. In 2010, Saipem agreed to pay a penalty of US$30 million to settle a Nigerian investigation into a bribery case involving the construction of Nigeria LNG facilities.[10] Saipem is also under trial in Italy over charges relating to the same case.[11]

In 2013, Saipem was awarded a $3 billion contract for the subsea development of the Egina field offshore Nigeria, which encompasses engineering, procurement, fabrication, installation and pre-commissioning of 52 km of oil production and water injection flow lines, 12 flexible jumpers, 20 km of gas export pipelines, 80 km of umbilicals, and of the mooring and offloading systems.[12]

On 8 February 2015, Saipem won a $1.8 billion contract to engineer and construct two pipelines at the Kashagan field project in the Caspian Sea.[13]

As an autonomous companyEdit

In 2016, Eni sold a 12.5% stake in Saipem (retaining a 30% share though), that was aquired by CDP Equity, and subsequently allowed Saipem to scrap the old Eni logo and design its own, with the objective of creating a new, more autonomous company focusing on oilfield services.[14]


Saipem is based in over 60 countries, including:

  • Europe: Italy, France, Belgium, Croatia, Germany, Great Britain, Ireland, Luxemburg, Norway, The Netherlands, Portugal, Spain, Switzerland, Turkey, Poland, Romania
  • America: Argentina, Brazil, Canada, Ecuador, Mexico, Peru, U.S.A., Venezuela, Suriname
  • CIS: Azerbaijan, Kazakhstan, Russia, Georgia
  • Africa: Algeria, Angola, Cameroon, Congo, Egypt, Gabon, Libya, Morocco, Nigeria, Sudan, Mozambique
  • Middle East: United Arab Emirates, Saudi Arabia, Iran, Oman, Qatar, Iraq, Kuwait
  • Far East and Oceania: Australia, China, India, Indonesia, Malaysia, Singapore, Thailand.

The group headed by Saipem S.p.A. includes approximately 90 companies and consortia, based all around the world.


Chairman of the company is Francesco Caio and CEO is Stefano Cao.

Main Offshore Pipe-laying fleets at December 31, 2017Edit

Saipem 7000 Self-propelled, semi-submersible, dynamically positioned crane and pipelay vessel capable of lifting structures of up to 14,000 tonnes and J-laying pipelines at depths of up to 3,000 metres
Saipem FDS Dynamically positioned vessel utilised for the development of deep-water fields at depths of over 2,000 metres. Capable of launching 22” diameter pipes in J-lay configuration with a holding capacity of up to 750 tonnes and a lifting capacity of up to 600 tonnes
Saipem FDS 2 Dynamically positioned vessel utilised for the development of deep-water fields, capable of launching pipes with a maximum diameter of 36” in J-lay mode with a holding capacity of up to 2,000 tonnes and depths up to 3,000 metres. Also capable of operating in S-lay mode with a lifting capacity of up to 1,000 tonnes
Castoro Sei Semi-submersible pipelay vessel capable of laying large diameter pipe at depths of up to 1,000 metres.
Castorone Self-propelled, dynamically positioned pipe-laying vessel operating in S-lay mode with a 120-metre long S-lay stern stinger composed of 3 articulated and adjustable sections for shallow and deep-water operation, a holding capacity of up to 1,000 tonnes, pipelay capability of up to 60 inches, onboard fabrication facilities for triple and double joints and large pipe storage capacity in cargo holds.
Normand Maximus Dynamic positioning ship (acquired through a long-term lease) for laying umbilicals and flexible lines up to a depth of 3,000 meters. It is equipped with a crane that has a lifting capacity of up to 900 tonnes and a 550-tonne vertical lay tower with the possibility of laying rigid flow lines.
Saipem 3000 Mono-hull, self-propelled d.p. derrick crane ship, capable of laying flexible pipes and umbilicals in deep waters (3,000 m) and lifting structures of up to 2,200 tonnes
Castoro II Derrick lay barge capable of laying pipe of up to 60” diameter and lifting structures of up to 1,000 tonnes.
Castoro 10 Trench/pipelay barge capable of burying pipes of up to 60” diameter and of laying pipes in shallow waters.
Castoro 12 Pipelay barge capable of laying pipes of up to 40” diameter in ultra-shallow waters of a minimum depth of 1.4 metres.
Castoro 16 Post-trenching and back-filling barge for pipes of up to 40” diameter in ultra-shallow waters of a minimum depth of 1.4 metres.
Ersai 1 Heavy lifting barge equipped with 2 crawler cranes, capable of carrying out installations whilst grounded on the seabed and is capable of operating in S-lay mode. The lifting capacities of the 2 crawler cranes are 300 and 1,800 tonnes, respectively.
Ersai 2 Work barge equipped with a fixed crane capable of lifting structures of up to 200 tonnes.
Ersai 3 Support barge with storage space, workshop and offices for 50 people.
Ersai 4 Support barge with workshop and offices for 150 people.
Bautino 1 Shallow water post trenching and backfilling barge.
Bautino 2 Cargo barge for the execution of tie-ins and transportation of materials.
Ersai 400 Accommodation barge for up to 400 people, equipped with gas shelter in the event of an evacuation due to H2S leaks.
Castoro XI Heavy-duty cargo barge
Castoro 14 Cargo barge.
Castoro 15 Cargo barge.
S42 Cargo barge.
S43 Cargo barge.
S44 Launch cargo barge
S45 Launch cargo barge
S46 Cargo barge.
S47 Cargo barge.
S 600 Launch cargo barge

Main Drilling fleets at December 31, 2017Edit

  • Semi-submersible platform Scarabeo 5
  • Semi-submersible platform Scarabeo 6
  • Semi-submersible platform Scarabeo 7
  • Semi-submersible platform Scarabeo 8
  • Semi-submersible platform Scarabeo 9
  • Drillship Saipem 10000
  • Drillship Saipem 12000
  • Jack-up Perro Negro 2
  • Jack-up Perro Negro 3
  • Jack-up Perro Negro 4
  • Jack-up Perro Negro 5
  • Jack-up Perro Negro 7
  • Jack-up Perro Negro 8
  • Tender Assisted Drilling Barge

Main FPSO's at December 31, 2017Edit

  • Saipem Cidade de Vitoria
  • Saipem Gimboa
  • Saipem Kaombo (not owned)

See alsoEdit


  1. ^ a b c d e f "Saipem Financial Statements 2018" (PDF).
  2. ^ "Corporate Governance and Shareholding Structure Report 2018" (PDF). Saipem. Retrieved 20 January 2020.
  3. ^ Vassiliou, Marius S. (2018). Historical dictionary of the petroleum industry (2nd ed.). Lanham, Maryland, USA: Rowman & Littlefield Publishers. p. 287. ISBN 1538111594.
  4. ^ Verda, Matteo (2011). Una politica a tutto gas. Sicurezza energetica europea e relazioni internazionali. Milan: Bocconi University. ISBN 9788823873179.
  5. ^ "Eni in Germany - history". Retrieved 21 January 2020.
  6. ^ Richard Dechert, Charles (1963). Ente Nazionale Idrocarburi: Profile of a State Corporation. West Lafayette, Indiana, USA: Purdue University. p. 58.
  7. ^ Khun, Maximilian (2012). Enabling the Iranian gas export options: the destiny of Iranian energy relations in a tripolar struggle over energy security and geopolitics. Berlin: Springer. p. 231. ISBN 9783658000929.
  8. ^ Victor, David G. (2006). Natural gas and geopolitics : from 1970 to 2040. Cambridge: Cambridge University Press. pp. Chapter 3. ISBN 9780511493492.
  9. ^ "2009 Global 100 results - Corporate Knights". 22 January 2009. Retrieved 9 April 2018.
  10. ^ Masoni, Danilo (20 December 2010). "Saipem settles Nigeria probe for $30 mln". Reuters. Retrieved 19 February 2011.
  11. ^ "Saipem to go on trial on Nigeria charges". Reuters. 26 January 2011. Retrieved 19 February 2011.
  12. ^ "Total awards contracts for Egina field". Oil Online. Retrieved 25 June 2013.
  13. ^ "Saipem wins $1.8 billion Caspian Sea pipeline contract". Petro Global News. Retrieved 18 February 2015.
  14. ^ "Saipem, il mercato approva il piano" (PDF). Il Sole 24 Ore. 29 October 2015. Retrieved 20 January 2020.

Essential bibliographyEdit

  • (en) Paul H. Frankel, Oil and Power Policy, New York - Washington, Praeger, 1966
  • (en) Marcello Boldrini, Mattei, Rome, Colombo, 1969
  • (it) Marcello Colitti, Energia e sviluppo in Italia, Bari, De Donato, 1979
  • (it) Nico Perrone, Enrico Mattei, Bologna, Il mulino, 2001 ISBN 88-15-07913-0

External linksEdit