New contracts and backlog

 

Saipem Group - New contracts awarded as at December 31
(€ milioni) 2010 2011

Amount % Amount %
Saipem SpA 5,581 43 4,268 34
Group companies 7,354 57 8,237 66
Total 12,935 100 12,505 100
Offshore Engineering & Construction
4,600 36 6,131 49
Onshore Engineering & Construction
7,744 60 5,006 40
Offshore Drilling 326 2 780 6
Onshore Drilling 265 2 588 5
Total 12,935 100 12,505 100
Italy 825 6 1,116 9
Outside Italy 12,110 94 11,389 91
Total 12,935 100 12,505 100
Eni Group
962 7 822 7
Third parties 11,973 93 11,683 93
Total 12,935 100 12,505 100

New contracts by geographical area

Backlog by geographical area

 

New contracts awarded to the Saipem Group in 2011 amounted to €12,505 million (€12,935 million in 2010).
49% of all contracts awarded were in the Offshore Engineering & Construction sector, 40% in the Onshore Engineering & Construction sector, 6% in the Offshore Drilling sector and 5% in the Onshore Drilling sector.
New contracts to be carried out abroad made up 91% of the total and contracts awarded by Eni Group companies 7%. Orders awarded to the Parent Company, Saipem SpA, amounted to 34% of the overall total.
The backlog at December 31, 2011 stood at €20,417 million.

The breakdown of the backlog by sector is as follows: 32% in the Offshore Engineering & Construction sector, 47% in the Onshore Engineering & Construction sector, 16% in Offshore Drilling and 5% in Onshore Drilling.
91% of orders were on behalf of overseas clients, while orders from Eni Group companies represented 14% of the overall backlog. The Parent Company, Saipem SpA, accounted for 53% of the total order backlog.

Saipem Group - Backlog as at December 31 (€ milion) 2010 2011


Amount % Amount %
Saipem SpA
11,242 55 10,764 53
Group companies

9,263 45 9,653 47
Total
20,505 100 20,417 100
Offshore Engineering & Construction

5,544 27 6,600 32
Onshore Engineering & Construction

10,543 52 9,604 47
Offshore Drilling
3,354 16 3,301 16
Onshore Drilling

1,064 5 912 5
Total
20,505 100 20,417 100
Italy
1,310 6 1,816 9
Outside Italy
19,195 94 18,601 91
Total
20,505 100 20,417 100
Eni Group

3,349 16 2,883 14
Third parties
17,156 84 17,534 86
Total
20,505 100 20,417 100