Organizational Profile

This section summarizes the main information regarding the Company’s organizational profile, pursuant to indicators 2.1-2.10 of the GRI. Information is compliant with the Annual Report, to which readers are referred for further details.

Saipem operates as a global contractor in the Oil & Gas industry, and enjoys a solid presence on all continents as well as strategic positioning in the main areas of the oil sector, including West Africa, North Africa, the former USSR, Central Asia, the Middle East, the Americas and South-East Asia.

Saipem is listed on the Milan Stock Exchange and is a subsidiary of Eni, which has a 42.9% stake in the Company. Saipem has 44,232 employees, of whom over 76.1% are local resources. In 2011, the Group’s companies were actively involved in around 290 projects worldwide.

That same year, Saipem’s results confirmed its excellent competitive position as well as its efficiency in executing projects (for financial performance, please see previous chapters). Saipem has two Business Units: Engineering & Construction and Drilling, which often operate in synergy for Onshore and Offshore projects. The Engineering & Construction Business Unit is the outcome of a merger between the previous Onshore and Offshore Business Units.

In the Engineering & Construction BU, offshore activities include platforms, marine terminals, pipelines and the development of deep-water fields. Experience in EPICi (Engineering, Procurement, Construction and Installation) projects hinges on trunklines, export pipelines, infield flowlines, pipe-in-pipe systems, bundles, tie-ins and riser systems for the transportation of oil, gas and multi-phase products from depths in excess of 2,000 metres.

Saipem is also involved in the construction of marine terminals, mooring systems with conventional buoys, wharfs, jetties and FPSO (Floating Production Storage and Offloading) units. Onshore, Saipem mainly serves the Oil & Gas segments, the refining and petrochemical markets, as well as a number of diversified industrial markets such as environment, infrastructures and marine terminals. The Company has four engineering centres located in Italy (Milan and Fano), France (Paris) and India (Chennai). It can also bank on the support of a range of medium-sized engineering centres in Algeria, Canada, India, Italy, Romania and Great Britain. In 2011, Offshore Engineering & Construction work involved the laying of 1,682 km of pipeline and the installation of 105,033 tonnes of plant and equipment. As regards Onshore Engineering & Construction, on the other hand, work included the laying of 889 km of pipelines of varying diameter and the installation of 353,480 tonnes of plant and equipment.

Following the signing of contracts with the main oil companies, Saipem’s Drilling BU is currently working on some major drilling projects in Europe, the former USSR, North Africa, West Africa, the Middle and Far East and the Americas. Offshore, Saipem operates in both shallow and deep waters.

Offshore Drilling comprised the drilling of 64 wells, totalling approximately 177,725 metres drilled, whereas Onshore Drilling comprised 307 wells, totalling approximately 984,949 metres drilled.

For Offshore Construction, Saipem has a fleet of over 40 vessels. In sea drilling, the Company in fact boasts a rich fleet with six jack-ups already completed and a seventh under construction, a Tender Assisted Drilling Barge, five semi-submersible drilling rigs and a drillship – the Saipem 12000 – which can operate at depths of up to 12,000 feet. In the Onshore sector, Saipem owns about 100 drill and workover rigs. The Company’s assets are rounded off by three FPSO units: FPSO Cidade de Vitória, FPSO Gimboa (located in Brazil and Angola, respectively) and FPSO Aquila (which entered into service in December 2011).

Saipem also owns permanent yards in Angola, Saudi Arabia, Azerbaijan, Brazil (under construction), Congo, Indonesia, Italy, Kazakhstan and Nigeria.

Over the past few years, Saipem has implemented a long-term investment plan targeted at expanding is fleet with new assets. As regards E&C, the scope of the plan is the introduction of new vessels for Offshore Construction as well as FPSOs. For Drilling, investments aim to increase the number of drilling rigs (Onshore and Offshore) and to achieve improvements and innovations in existing plant and equipment.

In 2011, Saipem’s sustainability performance obtained the recognition of numerous institutions and rating agencies. For the third consecutive year the Company was included in the DJSI Europe index and in 2011 appeared once again in the FTSE 4 Good and the Ethibel EXCELLENCE Investment Register, thus repeating the successes of 2010. Lastly, for the third year running Saipem was recognized in the SAM Sustainability Yearbook 2011 as a ‘Sustainability Leader’ in the Oil Equipment & Services industry.

Employees by geographical area
  Total employees
Local employees 
Americas
6,665  5,825 
CIS
4,653  3,155 
Europe
10,410  8,424 
Middle East
5,508  4,315 
North Africa
4,523  3,739 
Far East
4,011  2,951 
West Africa
and Rest of Africa
8,462  5,279