Saipem S.p.A. (SPM)

Profile

https://www.saipem.com

Saipem S.p.A. is an Italian multinational oilfield services company and a global leader in engineering, construction, and drilling for the energy and infrastructure sectors, both offshore and onshore. Founded in 1957, it manages complex projects from design to decommissioning in extreme environments, remote areas, and deep waters, with operations spanning over 50 countries and a workforce exceeding 30,000 employees from more than 120 nationalities. The company boasts eight fabrication yards, seven engineering hubs, and a versatile fleet of approximately 40 vessels, including 20 construction vessels and 15 drilling rigs such as semi-submersibles, drillships, and jack-ups. Saipem S.p.A. organizes into five key business lines: Offshore Drilling, Asset Based Services, Energy Carriers, Offshore Wind, and Sustainable Infrastructures, focusing on innovations like green hydrogen, CO2 solutions, subsea robotics, and sustainable energy transition projects. Notably, nearly 35% of its revenue derives from the Middle East, underscoring its significant role in global energy infrastructure development and the shift toward low-carbon solutions.