bit spm industry oilfield services founded 1957 headquarters san donato milanese italy key people stefano cao ceo marco mangiagalli chairman services engineering and construction for offshore and onshore projects ; drilling rig drillship and fpso operation revenue 11.520 billion 2015 1 operating income 452 million 2015 1 profit 789 million 2015 1 total assets 16.319 billion 2015 1 total equity 3.519 billion 2015 1 number of employees 46 346 2015 1 parent eni fsi website www.saipem.com saipem scarabeo 7 semi submersible drilling rig docked in cape town saipem s.p.a. societ anonima italiana perforazioni e montaggi is an italian oil and gas industry contractor . it is a subsidiary of italian energy company eni which owns approximately 30 % of saipem s shares . saipem has been contracted for designing and constructing several pipelines including blue stream greenstream nord stream and south stream . contents 1 history 2 management 3 main vessels 4 see also 5 references 6 essential bibliography 7 external links history edit saipem was originally founded in 1957 as a service provider for the eni group through the merger of snam montaggi and a drilling contractor saip . in 1960s it started providing services outside the eni group and in 1969 it started operating autonomously . while initially saipem specialized on onshore pipelaying plant construction and drilling in the early 1960s it commenced also offshore operations . offshore operations started in the mediterranean and were expanded to the north sea in 1972 . 2 since 1984 saipem is listed at the milan stock exchange . in 2001 saipem started a number of acquisitions culminating in the acquisition 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 has 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 . 3 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 . 4 saipem is also under trial in italy over charges relating to the same case . 5 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 . 6 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 . 7 management edit chairman of the company is francesco carbonetti and ceo is stefano cao . main vessels edit saipem 7000 second largest heavy lift vessel in the world . saipem 3000 castoro sei castotorone saipem fds saipem 10000 scarabeo 9 scarabeo 8 castoro due castoro otto see also edit italy portal companies portal energy portal list of italian companies list of oilfield service companies references edit a b c d e f saipem annual report 2015 pdf . http www.saipem.eni.it module.asp sect chi siamo & pag history & lang eng http www.global100.org 2009 index.asp masoni danilo 2010 12 20 . saipem settles nigeria probe for 30 mln . reuters . retrieved 2011 02 19 . saipem to go on trial on nigeria charges . reuters . 2011 01 26 . retrieved 2011 02 19 . total awards contracts for egina field . oil online . retrieved 25 june 2013 . saipem wins 1.8 billion caspian sea pipeline contract . petro global news . retrieved 18 february 2015 . essential bibliography edit 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 links edit official website v t e ftse mib companies of italy a2a anima atlantia azimut banca mediolanum banca monte dei paschi di siena banca popolare dell emilia romagna banca popolare di milano banco popolare buzzi unicem campari cnh industrial enel eni exor fca ferrari finecobank finmeccanica generali intesa sanpaolo italcementi luxottica mediaset mediobanca moncler pirelli & c. prysmian saipem salvatore ferragamo snam stmicroelectronics telecom italia tenaris terna ubi banca unicredit unipol unipolsai ynap v t e petroleum industry petroleum primary energy benchmarks argus sour bonny light brent dubai indonesian isthmus 34 light japan cocktail opec reference basket tapis urals western canadian select west texas intermediate data natural gas consumption production reserves imports exports price petroleum consumption production reserves imports exports price of gasoline and diesel exploration core sampling geophysics integrated asset modelling petroleum engineering reservoir simulation seismic to simulation petroleum geology petrophysics reflection seismology seismic inversion seismic source drilling blowout completion squeeze job differential sticking directional drilling geosteering drilling engineering drilling fluid invasion drill stem test lost circulation measurement tracers underbalanced drilling well logging production petroleum fiscal regime concessions production sharing agreements artificial lift pumpjack submersible pump esp gas lift downstream enhanced oil recovery eor steam injection gas reinjection midstream petroleum product pipeline transport refining upstream water injection well intervention xt history 1967 oil embargo 1973 oil crisis 1979 energy crisis 1980s oil glut 1990 oil price shock 2000s energy crisis 2010s oil glut founders history of the petroleum industry nationalization opec seven sisters standard oil oil market timelines provinces and fields list of natural gas fields list of oil fields east midlands oil province east texas gulf of mexico niger delta north sea persian gulf prudhoe bay oil field russia venezuela western canadian sedimentary basin other topics acronyms peak oil mitigation timing people petrocurrency petrodollar recycling shale gas swing producer unconventional oil heavy crude oil sands oil shale companies and organisations major petroleum companies supermajors bp chevron conocophillips exxonmobil royal dutch shell total national oil companies adnoc uae cnooc china cnpc china ecopetrol colombia gazprom russia iraq national oil company indian oil corporation kuwait petroleum corporation lotos poland nigerian national petroleum corporation nioc iran nisoc iran ogdcl pakistan ongc india pdvsa venezuela pkn orlen poland pemex mexico pertamina indonesia petrobras brazil petrochina petronas malaysia petrovietnam ptt thailand qatar petroleum rosneft russia saudi aramco saudi arabia sinopec china socar azerbaijan sonangol angola sonatrach algeria statoil norway ypf argentina energy trading glencore gunvor mercuria naftiran intertrade trafigura vitol other anadarko apache bg group cenovus energy compa a espa ola de petr leos devon eni galp energia hess husky energy imperial oil lukoil marathon oil nippon oil occidental omv port harcourt refining company reliance industries repsol suncor energy surgutneftegas tnk bp tullow oil t pra major services companies amec foster wheeler baker hughes cameron cgg ch2m hill chicago bridge & iron company china oilfield services enbridge ensco ge oil & gas halliburton naftiran intertrade national oilwell varco petrofac saipem schlumberger snam subsea 7 technip transcanada transocean weatherford wood group other international association of oil & gas producers international energy agency international petroleum exchange opec society of petroleum engineers world petroleum council category commons retrieved from https en.wikipedia.org w index.php title saipem & oldid 740020870 categories companies listed on the borsa italianaenergy engineering and contractor companiesengineering companies of italyenicompanies based in milanitalian brandscompanies established in 19571957 establishments in italyhidden categories use dmy dates from june 2013official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent 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