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SA
Oilfield Services
Services
BIT: SPM
Saipem
San Donato Milanese, Italy · Established 1957 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Saipem S.p.A. is a global engineering and construction contractor for offshore and onshore energy projects, specialising in pipeline installation, drilling, FPSO conversion, and offshore wind foundations. Eni holds a 25% strategic stake following 2023 restructuring.
FY2024 revenue approximated $12 billion with adjusted EBITDA near $1 billion. Offshore E&C backlog exceeds €8 billion on Middle East offshore gas, Mozambique LNG, and North Sea wind projects. Scarabeo ultra-deepwater drillships oper...
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