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Last €8.70 EUR
Change Today +0.63 / 7.81%
Volume 18.8M
SPM On Other Exchanges
As of 11:30 AM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

saipem spa (SPM) Snapshot

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52 Week High
10/9/14 - €15.96
52 Week Low
08/24/15 - €6.86
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saipem spa (SPM) Details

Saipem S.p.A. engages in the engineering, construction, and drilling businesses worldwide. It offers engineering, procurement, project management, and construction services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets. The company offers offshore engineering and construction products and services, including platforms, pipelines, subsea field developments, and MMO activities; and designs and constructs hydrocarbon production facilities, hydrocarbon treatment facilities, and large onshore treatment and transportation systems and facilities. It also provides offshore and onshore drilling services in deep water, in frontier, and remote areas and environment for oil and gas industries, national companies, and independent operators; floating facilities, including floating production storage units, floating LNG units, and floating production units; and drilling facilities, such as semi-submersibles, tension leg platforms, and dry tree units. In addition, it engages in the fabrication and integration, offshore hook-up and commissioning, and operation and maintenance of floating units. Further, it offers cutting-edge technologies for the gas monetization and heavy oil exploitation. Saipem S.p.A. operates offshore drilling fleet, which consists of 17 vessels, including 7 deep-water units, 2 for mid water operations, 2 high specification jack-ups, 5 standard jack-ups, and 1 barge tender rig; and onshore drilling rig fleet that comprises 105 units. The company is headquartered in Milan, Italy. Saipem S.p.A. is a subsidiary of Eni S.p.A.

46,527 Employees
Last Reported Date: 08/7/15

saipem spa (SPM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

saipem spa (SPM) Key Developments

Saipem SpA Wins $250 Million Worth Drilling Contracts from Kuwait Oil Company

Saipem SpA has won new onshore drilling contracts in the Middle East and South America, cumulatively worth approximately $250 million. These include two key contracts awarded by Kuwait Oil Company, the Kuwaiti national oil company, as part of its ambitious plans to develop the country's oil resources. The contracts have a duration of five years plus an option to extend for a further twelve months and encompass the supply of two 3,000 HP deep drilling rigs for operations in Kuwait. These contracts, which follow the recent award notification from the Kuwait National Petroleum Corporation for two packages of the Al-Zour New Refinery Project, represent Saipem's first foray into the Kuwaiti onshore drilling market, enabling the company to further consolidate its presence in the strategic Middle Eastern market and leverage its significant experience of onshore drilling operations in desert environments. Additional contracts won in onshore drilling relate to oil & gas development in South America, namely in Peru and Colombia, underpinning Saipem's strong presence in the area.

Cassa Depositi e Prestiti To Buy Stake In Saipem

Cassa Depositi e Prestiti S.p.A. is in talks to buy a stake in Saipem SpA (BIT:SPM) from Eni SpA (BIT:ENI), that could include a capital increase of around $3.3 billion, several people with knowledge of the matter said.

Saipem SpA Wins New Engineering and Construction Contract from CODELCO

Saipem SpA, through its subsidiary Petrex SA Chilean Branch, has won a new engineering and construction contract from the corporation Nacional del Cobre de Chile, or CODELCO, for the development of a water pipeline and all related facilities, including pumping stations. The pipeline, which will have a total estimated length of approximately 160 km and reach a height of 3,000 metres above sea level, will be used to improve extraction processes at the Radomiro Tomic copper mine, located 1,670 km from Santiago, Chile. The value of the project will be approximately $560 million and will be executed in two phases, the first one will be engineering, and once the project is approved and the environmental permits will be obtained, the second one of procurement and construction will be executed.


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