Saipem SpA Overview
Company Headquarters: San Donato, Italy
Founded: 1957
Workforce: ~30,000
Company Working: Saipem SpA (Saipem) is a manufacturer and service provider in the oil & gas industry. The company is one of the global leaders in drilling activities as well as engineering, installment, and procurement of pipelines and offshore and onshore projects. Saipem operates in more than 65 countries across the globe and has experience of over 60 years in the oil & gas industry. Its offshore engineering and construction segment includes platforms, pipelines, subsea field developments, and others. The onshore engineering and construction segment include construction of hydrocarbon production facilities, hydrocarbon treatment facilities, and transportation systems and facilities. The company also provides services on a contractual basis.
Strategy
Saipem focuses on expansion through investments in maintenance and upgrade of assets across the offshore engineering & construction business segment. Furthermore, it strategizes to expand through partnerships with local companies to strengthen the supply of raw materials and acquisition of players. It plans to increase its investments in offshore pipelines to meet the demand for technologically advanced and highly versatile fleet of pipeline laying ships . Also, it aims to increase the capabilities for the manufacturing of pipelines and upgrade the operating capacity, while enhancing the safety standards.
