The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Energy > Oil & Gas Services > Saipem S.p.A.

Saipem S.p.A.
 PROFILE
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
Coflexip, S.A. (CXIPY)
Halliburton Company (HAL)
Stolt Offshore S.A. (SOSA)

 FINANCIAL OVERVIEW
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
• Pietro Franco Tali
    CEO
• Giancarlo Mazzone
    CFO

 CONTACT INFO
Via Martiri di Cefalonia 67
20097 Milan, Italy
Phone: 39-02-5201
Fax: 39-02-5203-3460
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001