Saipem SpA, trading on the OTCMKTS as SAPMF, is a leading global contractor specializing in engineering, procurement, construction and installation (EPCI) services for the energy and infrastructure sectors. The company’s core offerings encompass offshore and onshore drilling, turnkey project delivery for oil and gas facilities, subsea pipelines and complex process plants. Saipem’s capabilities extend to floating production storage and offloading (FPSO) units, LNG terminals and strategic energy transition solutions such as carbon capture, utilization and storage (CCUS) and renewable energy installations.
In its offshore segment, Saipem deploys a fleet of advanced drilling rigs, pipelay vessels and heavy-lift platforms to execute deepwater and ultra-deepwater projects. The onshore division focuses on pipeline networks, petrochemical plants and large-scale infrastructure works, drawing on multidisciplinary teams of engineers, project managers and construction specialists. The company also offers integrated digital solutions, including real-time monitoring, predictive maintenance and data analytics to optimize project performance and safety standards.
Founded in the late 1950s as part of Italy’s state energy group and later reorganized under independent ownership, Saipem has grown through strategic partnerships and acquisitions to serve more than 60 countries. Its project portfolio spans the Middle East, West Africa, South America, the North Sea and the Asia-Pacific region. Notable assignments have included subsea tie-backs in the Gulf of Mexico, offshore platforms in the Caspian Sea and large-scale refinery expansions in the Middle East. The company maintains regional offices and fabrication yards in key markets to support local content requirements and streamlined logistics.
Headquartered in San Donato Milanese, Italy, Saipem is governed by a board of directors responsible for strategic oversight, with an executive management team led by a chief executive officer and dedicated business line heads. The company emphasizes sustainability and innovation as cornerstones of its long-term strategy, investing in greener technologies and digital automation to enhance operational efficiency and reduce environmental impact. Saipem’s leadership team collaborates with industry partners, governments and research institutions to drive the evolution of energy infrastructure and support the global energy transition.
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