Saipem Company Profile

Saipem Basic Information, Manufacturing Base, Sales Area, and Competitors

Sr. No.	Item	Description
1	Company Name	Saipem
2	Website	www.saipem.com
3	Established Date	1957
4	Headquartered	Italy
5	Market Position/ History	Saipem reached a pivotal milestone in 1957 when it became an independent company and launched Scarabeo, its first offshore platform—an engineering marvel that marked the beginning of its offshore legacy. This moment set the stage for Saipem’s rapid international ascent. By 1969, the company had firmly established itself on the global stage, completing impressive projects such as drilling 600 wells in Mesota Espinosa and constructing major oil and gas pipelines across Argentina, India, and Italy. It also built four offshore drilling platforms in the Adriatic Sea, showcasing its growing technical expertise and positioning itself as a leader in complex energy infrastructure.
6	Sales Area	Worldwide
7	Manufacturing Location	Italy, Brazil, Indonesia and other
8	Ticker	BIT: SPM
9	No. of Employees	30,437 employees as of 2024
10	CEO	Alessandro Puliti
11	Ownership Type	Public
12	Contact Information	Via Luigi Russolo, 5 - 20138 Milano – ITALY Tel: +39 024423

Business Segment or Overview

The company delivers performance-driven, sustainable project execution across upstream, midstream, and downstream sectors

Upstream Operations

• Uses a modern fleet of offshore drilling and installation vessels for:
• Deep and shallow water operations.
• Preliminary assessments, exploration, and production of oil & gas reserves.
• Supports both conventional and unconventional resource development.

Midstream & Downstream Capabilities

• Designs and constructs:
• Gas treatment plants
• Compressor stations
• LNG and regasification terminals
• Fertiliser production facilities
• Onshore and offshore pipeline networks

Decarbonisation & Energy Transition

• Plays a critical role in reducing emissions across the energy supply chain.
• Provides clients with:
• Innovative project design
• Technological solutions for sustainability
• Decarbonisation-focused engineering strategies
• Focuses on supporting clients' energy transition with advanced, green technologies.
• In its offshore operations, particularly those requiring saturation diving, Saipem acts as a key customer of Commercial Surface Supply Dive Systems and other subsea support solutions. These systems are essential for the safe and efficient execution of subsea tasks such as inspections, repairs, installations, and deepwater interventions. Saipem integrates these diving systems—often modular and containerized for rapid deployment—into its vessel-based projects to ensure compliance with global safety and operational standards. This synergy between advanced diving technologies and Saipem’s robust project management ensures optimized offshore performance and supports its leadership in complex subsea and marine environments.

Recent Developments

Year	Latest News
April 2025	Saipem has secured new offshore contracts Saipem has secured new offshore contracts valued at approximately USD 720 million in the Middle East and Guyana. The Middle East contract involves EPCI (Engineering, Procurement, Construction, and Installation) services for repairing damaged subsea pipelines, with the project set to span three years. This award reinforces Saipem’s strategic focus on offshore asset maintenance, complementing its core EPCIC and EPRD operations.
April 2025	Saipem has renewed its framework agreement with Saudi Aramco Saipem has renewed its framework agreement with Saudi Aramco, extending the Long-Term Agreement (LTA) until the end of 2027. This renewal confirms Saipem’s continued inclusion among the select contractors eligible to bid for CRPOs (Contract Release Purchase Orders), covering both new offshore construction projects and maintenance initiatives to sustain Saudi Arabia’s production capacity.

Author's Detail:

Sneha Mali / LinkedIn

Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.

In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.