SAIPEM

at a glance
Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure VISION
sectors. It is “One-Company” organized in five business divisions (XSIGHT, dedicated to conceptual design, Offshore
E&C, Onshore E&C, Offshore Drilling and Onshore Drilling). Saipem is a global solution provider with distinctive skills and
competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed
on the Milan Stock Exchange, it is present in over 70 countries worldwide and has 32,000 employees of 120 different To be the benchmark company for clients looking for extraordinary and sustainable
nationalities. solutions.

MAIN NUMBERS MISSION

€8.5 bln
REVENUES 2018
To complete extraordinary projects by continuously pushing beyond the frontiers of
innovation, guiding our clients towards the future of energy. To face and overcome
the challenges posed by the evolution of scenarios and their interconnections,
seizing the opportunities to continue to create economic and social value for our
stakeholders.

€8.8 bln €485 mln 32,000 VALUES

NEW CONTRACTS 2018 INVESTMENTS 2018 EMPLOYEES

• Unleash creative intelligence • Strive for trust

72 9
• Care for people and planet • Enhance cultural singularities

COUNTRIES IN WHICH WE OPERATE FABRICATION YARDS MANIFESTO

Engineering the extraordinary

There are many companies which can develop standard projects, where the work is simple and predictable.
But, Saipem operates in context of breathtaking complexity, in areas of the world that are technically and logistically
challenging. There is nothing obvious in our business.

Extraordinary is our CHOICE

With proven capabilities and a hands-on, co-operative and consistently innovative approach, Saipem builds long-term
relationships, maintains intellectual and operational flexibility, and succeeds where others can’t.
Discreetly spectacular, creatively ingenious.
Saipem makes great things happen.

“ Saipem has a number of distinctive advantages: long-term client relationships, exposure to captive markets and
expertise in delivering large-scale, complex projects - both offshore and onshore.
The new visual identity and logo are a symbol of the profound transformation the group is undertaking with this new
strategic plan. With a strong balance sheet, a leaner operating structure and distinctive business model, Saipem is well

”
positioned to improve profitability, deliver cash generation and shareholder value.

Stefano Cao
CEO
The Saipem 7000 semisubmersible crane and pipelaying vessel on the Hywind project.

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INNOVATION
Technological innovation has always been one of Saipem’s
strongest strategic pillars over the last 60 years.
Today the Oil&Gas industry needs to refocus in order to
cope both with immediate and future challenges. Saipem
puts itself in this framework to play its role as an innovative
global solution provider to the energy industry, by keeping
innovation as one of the main pillars of its strategic plan.
Consequently, our innovation model is a synthesis
between the urgency to implement concrete solutions,
mostly driven by current commercial projects, and the
need to develop novel solutions reflecting the changing
macro-scenarios, especially the energy scenario.
As such, this model encompasses two dimensions: one
‘evolutionary’, aiming at efficiency improvement, the
€67 mln 29
2018 OVERALL TECHNOLOGY NEW PATENTS FILED IN 2018
EFFORT
Enabling the industry to meet the global energy demand in a sustainable way is our innovative edge.
The Hydrone ROV.
4 5
second one ‘disruptive’ to drive Saipem towards the
future. In this latter respect, we leverage on our ‘Innovation
Factory’, Saipem’s idea incubator.
Our main innovation targets are:
• gradual transfer of offshore surface production facilities
to the seabed and underwater life-of-field solutions;
• diversified business segment portfolio in E&C (i.e. offshore
facilities decommissioning and offshore wind farms);
• further exploitation of gas to sustain the energy transition
(i.e. LNG, Urea);
• carbon-neutral operations and green technologies
throughout the entire onshore EPC value chain;
• innovative low-carbon solutions for clients, including
renewable energy (i.e. floating wind farms) and circular
economy;
• Digital Transformation.
>2,400
ACTIVE PATENTS
SUSTAINABLE BUSINESS
As a global solution provider, leader in the transition Saipem considers diversity a source of enrichment and
for the sustainable use of resources, Saipem invests in added value.
competences, innovation and environmentally sound
technologies, building on a strong track record, to The Company has a strong commitment to protecting
cooperate with its stakeholders in the protection of the and promoting Human and Labour Rights, as evidenced
environment and ecosystems and to contribute to fight by its responsibility towards its people as well as by the
climate change. attention it places on having an ethical and reliable supply
chain.
The Company’s sustainable business strategy aims to
meet the needs and the expectations of its stakeholders,
tackling the challenges posed by the evolution of
global scenarios and improving living standards and
socio-economic development of the communities
UNGC
in which Saipem operates. Creation of employment ADHERES TO THE UN GLOBAL COMPACT
opportunities, a robust capacity-building effort in the local
socio-economic context and know-how transfer for local
workers are the most important legacies Saipem leaves in
the countries of operations.
FTSE4GOOD
Sustainable business for Saipem is based on integrity, INCLUDED IN THE FTSE4GOOD SERIES INDEX
honesty, respect, inclusion, transparency and fairness.
In 2016 Saipem joined the UN Global
DOW JONES
2018 MEMBER OF DOW JONES SUSTAINABILITY INDEX
Compact, truly committed to making
this initiative and its principles an
integral part of Company’s business
GOLD CLASS MEDAL
strategy, day-to-day operations and 2018 ROBECOSAM SUSTAINABILITY YEARBOOK
organizational culture.
HEALTH, SAFETY AND ENVIRONMENTAL CULTURE
Saipem places a fundamental importance on prevention, care, and environmental protection. Its Leadership in Health
and Safety (LiHS) programme aims to create a strong HSE culture through the engagement of leaders, stakeholders, and
members of the workforce. Thanks to the LHS Foundation, created by Saipem in 2010, these core values are now being
promoted and shared with both industry and society, with specific focus to the use of no-conventional communication
to emotionally engage the target audience.
Saipem’s business objectives include enhancing the efficiency of its operation and becoming a key partner for our
clients in their energy transition. The company’s commitment against climate change is also reflected in its Quadrennial
Green House Gas Strategic Plan, whose identified actions will result in a sensible reduction of Saipem GHG emissions in
the coming years.
The Saipem FDS 2.
DIVISIONS

A global forward thinker E&C ONSHORE Enabling the world energy transition
We anticipate market challenges, we seize opportunity. We drive change, setting new Become the partner of choice for clients committed to a sustainable low-carbon energy
standards. transition.
• Design & Construction of hydrocarbon production, treatment and transport facilities
• Adding value to our clients from early phases of project definition: bankable feasibility
• Oil&Gas upstream projects
studies (Conceive), basic design (Architect), pre/feed (Develop) and services for life
• Liquefaction and regasification of natural gas (LNG)
cycle extension (Enhance)
• Downstream plants: oil refining, chemicals and petrochemistry, gas monetization,
• Offering a wide range of premium services, including financial advisory and engagement
single/combined cycle power plants
with funding institutions, to provide tailor-made solutions to our clients, leveraging on
• Renewable energies: biofuels, solar and thermal power plants, waste to power
our international network
• Infrastructures
• Covering all products of the energy industry: Oil&Gas upstream, mid and downstream in
an integrated way with green and renewable technologies
• Deploying innovative solutions that fully exploit the advantages offered by digitalization,
cloud computing and data analytics

E&C OFFSHORE Masters of the sea DRILLING Raising the standard of drilling operations
We are a leading offshore global solution provider. Water for us has no limits, from early OFFSHORE Operational excellence, peerless reliability and unique adaptive ability built in a more
engagement to end of asset life, through technology, innovation and management of than 60-years track record.
distinctive assets.
• A leading international provider of any type of drilling services in all offshore sectors
Strategic Markets: ranging from ultra deep water to shallow water, harsh environment and remote areas
• Subsea Field Development (Deepwater, Tie-Backs, Life of Field) • A competitive player delivering efficiency and operational excellence
• Conventional Field Development (Fixed Platforms and Facilities) • Operator of an advanced drilling fleet of 14 units including drillships, semisubmersible
• Pipelines/Trunklines rigs, jack-ups and a tender assisted unit, which can boast up to 10 years LTI free
Diversification:
• Marine Renewables (Offshore Windfarms)
• Decommissioning
• Maintenance Modifications Operations (MMO)
Technology and Innovation:
• Capex Efficiency Technologies (All Electric, SPRINGS, Subsea Separations, Long Tie-Backs)
• Execution Efficiency Technologies (Plasma Welding, Laser Welding)
• Opex Efficiency Technologies (Robotics, Hydrone, Emergency Intervention)

DRILLING Raising the standard of drilling operations

ONSHORE More than 60 years drilling specialists in the most challenging environments, in any
geographical and political context.
• Services for the drilling of Oil&Gas exploration, appraisal and production wells as well
as geothermal projects
• More than 80 drilling and workover rigs
• Strong presence in the Middle East, Latin America and CIS
• Mostly for deep, ultra deep and deviated wells
• Development of a new rig with walking system for unconventional fields (Striker 800)

Artistic view of the FOD project.

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 The PTX-9 drilling rig in Bolivia

WORLDWIDE PERMANENT PRESENCE

ENGINEERING CENTRES YARDS Other Main Sites

Urea and ammonia facilities built by Saipem in Qatar.

8 Welding operations
MILESTONES
SAIPEM: MORE THAN 60 YEARS OF HISTORY

Leader in the A powerful

offshore heavy global
New operational lifting sector contractor
frontiers The brand
Saipem takes With the
Saipem goes identity evolves
Oil crisis in the over the Micoperi acquisition
public
Middle East drives fleet including of Bouygues Eni reduces its
Saipem to explore Saipem is listed the Micoperi Offshore, Saipem stake in Saipem
new geographical on the Milan 7000, soon after boosts its which changes its
areas starting from and Paris stock renamed outstanding EPCI image and adopts
the North Sea. exchanges. Saipem 7000. capabilities. a new logo.

19 19 19 20 20
19 71 19 84 19 90 19 02 20 15 20
57 74 87 98 06 16
A pioneer A milestone The joint-venture Main actor in A global leader A major step
is born in offshore strategy deep offshore in engineering, towards a
activities pipelaying construction and sustainable
Saipem is Saipem starts oilfield services business
established as Saipem lays the joint-ventures With the installation
an independent gasline across with competitors of the J-lay tower Saipem gains Saipem joins the UN
company. the Straits of like Brown & Root, the Saipem 7000 access to Global Compact.
Messina as part Clough, Bouygues opens its doors new markets,
of the Transmed Offshore and to challenging including onshore
project. Parker Drilling deepwater projects downstream and
aiming to penetrate such as the Blue gas liquefaction by
new markets and Stream gasline. the acquisition of
strengthen its Snamprogetti.
assets.

RECORDS
AN IMPRESSIVE TRACK RECORD OVER MORE THAN 60 YEARS

>100 >2,000 >7,500 >2,000 >80,000 >50,000 >100

GRASS-ROOTS COMPLEXES PROCESS UNITS ONSHORE WELLS OFFSHORE WELLS KM OF OFFSHORE KM OF LAND PIPELINES OFFSHORE EPCI PROJECTS
DESIGNED AND BUILT DESIGNED AND BUILT DRILLED DRILLED PIPELINES DESIGNED DESIGNED AND BUILT IN THE LAST 10 YEARS
AND BUILT

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MAJOR PROJECTS
PETROCHEMICAL
• TPC complex expansion study, Tabriz
Petrochemical Company, Iran
REFINERY
• Process design package for slurry residue
hydrocraking units in Maoming & Zhejiang
refineries, Eni, China
• Detailed design for the modernization of the Talara
refinery, Cobra, Peru (under execution)
• PMC services for advanced oil refining unit,
Gazprom, Russia
RENEWABLES & GREEN TECHNOLOGIES
• Feasibility study for waste to fuel plants, Syndial,
Italy
• KiteGen 3MW prototype building development, Italy
• CO2 capture and storage technology comparison
study,
SYNGAS & FERTILIZER
• Concept study for a new fertilizer complex, OTEKO,
Russia
• FEED for fuel oil destruction project phase 1,
Raffineria di Milazzo, Italy
UPSTREAM & LNG
• Conceptual engineering for Patao & Mejillones
fields, Petrolera RN Ltd., Venezuela
• Pre-FEED engineering for Patao & Mejillones Fields,
Petrolera RN Ltd., Venezuela (under execution)
• FEED for Ca Voi Xanh (Blue Whale), ExxonMobil,
Vietnam (under execution)
• Study and FEED for Bahia Blanca fractionation
plant/NGL pipeline expansion capacity, Compañía
Mega, Argentina (under execution)
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E&C OFFSHORE
PIPELINES/TRUNKLINES
• Nord Stream, Nord Stream B.V., Russia - Germany
• Blue Stream, Blue Stream Pipeline Company,
Russia - Turkey
• Medgaz, Medgaz S.A., Algeria - Spain
• Ichthys LNG Pipeline, Inpex, Australia
• PNG LNG Offshore Pipeline Project, ExxonMobil,
Papua New Guinea
• Greenstream, Greenstream B.V., Libya - Italy
CONVENTIONAL FIELD DEVELOPMENT
• Tortue, BP, Mauritania/Senegal (awarded)
• Tangguh LNG Expansion Project, BP, Indonesia
• Shah Deniz II, AIOC, Azerbaijan
• Kashagan Field Development, Agip KCO,
Kazakhstan
• Amenam, Total, Nigeria
SUBSEA FIELD DEVELOPMENT
• Liza field development, ExxonMobil, Guyana
(ongoing)
• Zohr, Petrobel, Egypt
• Egina, Total, Nigeria
• Kizomba, ExxonMobil, Angola
• Usan, Total, Nigeria
• Akpo, Total, Nigeria
• Bonga Northwest, Shell, Nigeria
• West Delta Deep Marine Concession, Burullus,
Egypt
• East Hub, Eni, Angola
• West Hub Development Project, Eni, Angola
MARINE RENEWABLES
• Aflowt, European Marine Energy Centre, Ireland
• Hornsea Project One, Ørsted, North Sea (ongoing)
• Hywind Project, Statoil, North Sea
DECOMMISSIONING
• Miller, BP, North Sea
• Frigg, Total, North Sea
SUBSEA TECHNOLOGIES
• Offset Installation Equipment, OSRL
• Prestige Recovery, Repsol, Spain
An ammonia plant built by Saipem in Pakistan.
E&C ONSHORE
Mega Oil Projects Upstream Gas-to-Liquids
• Manifa Central Processing Facilities • Escravos, Chevron, Nigeria
• Khursaniyah Processing Facilities
• Khurais Area Facilities Expansion & Satellite GOSP REFINING AND PETROCHEMICAL
(under execution) • Aegean Refinery Project, Star Refineri A.S., Turkey
(All projects for Saudi Aramco in Saudi Arabia) (under execution)
• Al-Zour Refinery Project, KNPC, Kuwait
Onshore Transportation (under execution)
• Gladstone, Gladstone LNG Operations Pty. Ltd., • Duqm Refinery Package 3, OOC/KPI, Oman
Australia (under execution)
• Encino Topolobambo Pipeline, Transportadora de • Sriracha Refinery Expansion, Thai Oil, Thailand
Gas Natural del Noroeste, Mexico (under execution)
• SCPX Pipeline, SCP, Azerbaijan/Georgia
• SGO Project, Caitan SpA, Chile (under execution) Fertilizers
• Feed Pipeline for New Refinery Project, Kuwait • Qafco-5 Ammonia-Urea Complex, Qatar Fertilizer
(under execution) Company, Qatar
• Ammonia-Urea Complex, Dangote, Nigeria
Gas Processing Upstream (under execution)
• Shah Gas Development Program, Abu Dhabi Gas
Development Co., UAE INFRASTRUCTURES
• Hawiyah Gas Plant Expansion Project, Saudi • High Speed Railway Milan-Bologna, RFI, Italy
Aramco, Saudi Arabia (under execution) • Shah-Habshan-Ruwais Railway, Etihad Rail Co., UAE
• Menzel Ledjmet East Project (MLE), Sonatrach, Algeria
POWER AND GASIFICATION
LNG • Okpai 480 MW Combined Cycle Power Plant,
• Arzew GNL 3Z, Sonatrach, Algeria NAOC, Nigeria (under execution)
• RasGas LNG (trains 1 to 6), Qatar Petroleum, Qatar • Jazan IGCC Complex, Saudi Aramco, Saudi Arabia
• NLNG Bonny Island (trains 3 to 5), Nigeria LNG Ltd., (under execution)
Nigeria
• Tangguh Expansion (train 3), BP, Indonesia FLOATERS
(under execution) • Jangkrik FPU, Eni E&P, Indonesia
• Nongfab LNG Receiving Terminal, PTTLNG, • Kaombo FPSO, Total, Angola
Thailand (under execution) • GBS Design and Build, Arctic LNG 2, Russia
• AMA1 Mozambique LNG, Anadarko, Mozambique (under execution)
(in j.v. - under execution)
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 ASSETS
DRILLING OFFSHORE DRILLING ONSHORE E&C OFFSHORE
Involvement in Major Deep Water Discoveries SAUDI ARABIA VESSELS
over the past few years • Oil&Gas fields - Medium rigs
• Zohr, Eni, Egypt (2014)
• Area 4, Eni, Mozambique (2013) KUWAIT Name of the vessel
• Ultra deep wells - Heavy rigs Castorone
Milestones in the industry
• Saipem 10000: first example of latest generation PERU Saipem FDS
drillships • Conventional wells work-over - Medium and light rigs Saipem FDS 2
• Scarabeo 8: semisubmersible rig. The only rig Saipem 7000
operating through the 2012-2017 winter seasons ARGENTINA
in the Barents Sea - Norwegian sector • Unconventional fields - Medium rigs Saipem Constellation
• Perro Negro 4: standard jack-up. In 2018 the unit Normand Maximus
achieved 1,000 rig moves in 35 years in Egypt BOLIVIA Saipem 3000
• HP/HT ultra deep wells - Heavy rigs
DeHe
ECUADOR Castoro II
• Conventional wells - Medium rigs Castoro 10
COLOMBIA Castoro Sei
• HP/HT deep wells - Heavy rigs
ROMANIA FABRICATION CENTRES
• HP/HT ultra deep wells - Heavy rigs • Italy, Arbatax (Intermare Sarda)
• Indonesia, Karimun (PT Saipem Indonesia)
KAZAKHSTAN • Nigeria, Rumuolumeni (Saipem Contracting Nigeria)
• Drilling in harsh environment (from +40° to -40°) • Angola, Ambriz (Petromar)
Conventional wells - Medium rigs
DRILLING OFFSHORE
DRILLSHIP
• Saipem 12000 (ultra deep water)
• Saipem 10000 (ultra deep water)
SEMISUBMERSIBLE UNIT
• Scarabeo 9 (ultra deep water)
• Scarabeo 8 (harsh environment)
• Scarabeo 7 (deep water)
• Scarabeo 5 (deep water)
JACK-UP
• Perro Negro 8 (high specs)
• Perro Negro 7 (high specs)
• Pioneer (high specs)
• Sea Lion 7 (high specs)
• Perro Negro 5 (standard)
• Perro Negro 4 (standard)
• Perro Negro 2 (standard)
TENDER ASSISTED DRILLING RIG
• Saipem TAD (project specific)
The Saipem 10000 drillship.
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Marine Renewables
Subsea Field Conventional Field / Heavy Lifts /
Development Development Pipelines Decommissioning
v
v v
v v
v v v v
v v v v
v v
v v v
v v v v
v v
v v
v v
• Congo, Pointe Noire (Boscongo)
• Brazil, Guarujá (Saipem do Brasil)
• Saudi Arabia, Dammam (Star)
• Kazakhstan, Kuryk (Ersai) (E&C Onshore)
DRILLING ONSHORE
84 RIGS
• HEAVY RIGS
Tot. 13; Power Output 3,000 HP; Max. Hook
Capacity 2 M lbs; Nominal Drilling Capacity 8,500 m
• MEDIUM RIGS
Tot. 50; Power Output < 2,000 HP; Max. Hook
Capacity 900,000 - 1.1 M lbs; Nominal Drilling
Capacity 6,000 m
• LIGHT RIGS
Tot. 14; Power Output 1,200 - 400 HP; Max. Hook
Capacity 500,000 lbs; Nominal Drilling Capacity
4,000 m
• MEDIUM HYDRAULIC RIGS
Tot. 5; Power Output 1,500 HP; Max. Hook Capacity
182 t; Nominal Drilling Capacity 3,000 m
• LIGHT HYDRAULIC RIGS
Tot. 2; Power Output 1,200 - 750 HP; Max. Hook
Capacity 182 t; Nominal Drilling Capacity 2,000 m
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 07.2019

SAIPEM SpA
Via Martiri di Cefalonia, 67
20097 San Donato Milanese
Milan - Italy

SAIPEM.COM