company_name = Saipem
company_type = Public (ISE|IT0000068525|SPM)
foundation = 1957
key_people = Pietro Franco Tali (CEO),
num_employees = 30,000+ (2008)
industry = Oil Equipment & Services
DrillingOil and Gas Exploration
revenue = €9,530 billion (2007)
net_income = profit €875 million (2007)
homepage = [http://www.saipem.it/ www.saipem.it]
intl = yes
Saipem (ISE|IT0000068525|SPM) is an Italian oil and gas industry contractor. It is a subsidiary of Italian energy company
Eni, which owns approximately 43% of Saipem's shares. Saipem has contracted for designing and constructing several pipelines, including Blue Stream, Greenstream, Nord Streamand South Stream.
Saipem was originally founded in
1957as a service provider for the Eni group. It was founded 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 Seain 1972.
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. In 2006Saipem acquired other Italian major engineering and construction contractor of the oil and gas industry— Snamprogetti.
Top Management of Saipem Group include:- Pietro Franco Tali, Chairman and CEO- Hugh O’Donnell, Managing Director and COO- Alessandro Bernini, CFO and Company Affairs- Giulio Bozzini, Strategy and Development- Sabatino De Sanctis, QHSE- Pietro Galizzi, General Counsel- Rosario Giannini, HR, Organisation and ICT- Patrice Huet, Risk and Opportunity Knowledge Management- Alessandro Riva, Internal Audit- Stefano Bianchi, Integrated Projects- Giuseppe Caselli, Drilling- Paolo Daleffe, Procurement- Yves Inbona, Offshore Business Unit- Jaques Leost, Chairman and CEO Saipem SA- Marco Toninelli, Assets- Pietro Varone, Onshore Business Unit.- Marian Safwat, HSE
* [http://www.saipem.it/ Corporate website]
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