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Home > Company Index > Energy > Oil & Gas Services > Saipem S.p.A.
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Saipem S.p.A. |
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PROFILE |
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Saipem doesn't mind being in deep water. The company, which provides drilling and construction services to oil and gas companies worldwide, has been investing heavily in deepwater technology. It is building new towers on its barges to allow pipeline laying in deeper waters and has a newbuild ultra-deepwater rig that can drill down to 10,000 ft. Saipem operates a fleet of more than 20 major vessels and offshore rigs and owns 37 land rigs. During its history it has drilled 4,000 wells on land and 1,000 at sea. The company is seeking stability by balancing its drilling between offshore activities and the more volatile onshore oil business. Saipem is 43%-owned by Eni, an oil company controlled by the Italian government.
COMPETITION |
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Coflexip, S.A. (CXIPY)
Halliburton Company (HAL)
Stolt Offshore S.A. (SOSA)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 1,281.50
1-Yr. Sales Growth: (16.2)%
Employees: 10,727
Revenue per employee: $119,464.90
KEY PEOPLE |
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Pietro Franco Tali
CEO
Giancarlo Mazzone
CFO
CONTACT INFO |
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Via Martiri di Cefalonia 67
20097 Milan, Italy
Phone: 39-02-5201
Fax: 39-02-5203-3460
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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