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Wednesday, March 21, 2018

Saipem News

Saipem Wins $1.5B E&C Offshore Contracts

In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, fabrication and installation of a Central Metering and Manifold Platform (CMMP), to be installed in a water depth of 28 metres, along with associated facilities.

Colin Manson, CEO of Xodus Group

Saipem in Subsea Deal with Chiyoda, Xodus

Italian oil service group Saipem said on Thursday it had set up a venture with energy consultant Xodus Group and Japanese engineering company Chiyoda to develop business in the subsea sector. Saipem, 43 percent controlled by Italian oil major Eni , said the new company called Xodus Subsea would provide services focusing on the early phase of projects. "We believe that the subsea sector is continuing to grow and through this partnership Saipem will gain an early understanding on how future projects are being developed," Saipem CEO Umberto Vergine said in a statement.

Umberto Vergine, Saipem CEO,

Saipem Bags $750m E&C Contracts in Gulf of Mexico

Saipem has been awarded new offshore Engineering & Construction contracts in the Gulf of Mexico, for a total amount of approximately $750 million. Pemex has awarded Saipem an EPCI contract for the development of the Lakach field, located 98 km southeast of Veracruz and 131 km northwest of Coatzacoalcos, at a water depth varying between 850 and 1,200 metres. The scope of work of the contract involves the engineering, procurement, construction and installation of the system connecting the offshore field with the onshore gas conditioning plant.

Saipem: Barbieri Resigns From the Board of Directors

Saipem announces that Fabrizio Barbieri has resigned from his position as a director of Saipem’s Board. Fabrizio Barbieri, a non-executive and non-independent Board member, was not part of any internal committee, and was drawn from the list of candidates presented by the Eni at the Shareholders’ Meeting on 6 May 2014. Saipem would like to thank Fabrizio Barbieri for the significant contribution he has made to the activities of both the Board and the Company.  

Courtesy Saipem S.p.A.

Moody's Reviews Saipem's Rating

San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.com] given below has communicated that it has placed under review the provisional issuer rating of "(P) Baa3 " attributed to Saipem, for a possible downgrade. Saipem was assigned its provisional rating, and which has caused Moody’s to downgrade its expectations for future oil prices. • On the potential impact of the weaker market context on Saipem’s future ability to generate cashflows in line with the strategic plan.

Saipem America BP E&P Contracts

Saipem America has been awarded two contracts from BP Exploration & Production. Saipem America has been awarded a contract for the BP-operated Mad Dog drilling rig replacement project in the U.S. Gulf of Mexico. The scope of work includes the project management, engineering, transportation, removal of the existing drilling support module from the Mad Dog spar and installation of new drilling rig module onto the Mad Dog spar. Offshore operations are planned within the window end of 2011/early 2012.

Saipem Wins $1.1B E&C Offshore Contracts

Saipem has been awarded new E&C Offshore contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea. In Brazil, Saipem has signed an EPIC contract with Petrobras for the projects Sapinhoá Norte and Cernambi Sul, within the development of the Pre-Salt Risers in the Santos Basin, approximately 300 kilometres off the coasts of the Rio de Janeiro and São Paulo states, in water depths of 2,200 metres. Petrobras is operator of the BM-S-09 consortium with BG and Repsol and the BM-S-11 consortium with Galp and Repsol.

Saipem FDS 2 with new J Lay tower at anchor. (Photo Saipem)

Saipem: A Fleet Grows in Brazil

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator Petrobras. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil brings us an in-depth look at Saipem’s vessels and projects in Brazil. Saipem’s pipelaying segment is part of a unified Business Unit Engineering & Construction…

Umberto Vergine (Courtesy Saipem)

Saipem Board Confirms Vergine as CEO

The Board of Directors of Saipem S.p.A. convened today and, in compliance with the resolutions taken by the Shareholders’ Meeting on May 6, 2014, confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code promoted by Borsa Italiana to ascertain that the Directors Francesco Carbonetti, Rosario Bifulco, Nella Ciuccarelli, Federico Ferro-Luzzi, Guido Guzzetti, Enrico Laghi and Nicla Picchi meet the independence requirements and Corporate Governance Code.

Stefano Cao Tapped to be Saipem CEO

Former Eni manager Stefano Cao will be appointed chief executive of Italian oil service company Saipem to replace Umberto Vergine at a shareholder meeting in April, two sources close to the matter said. "There's a consensus in the company and government on this position," one of the sources said. Cao, who was executive chairman of Saipem until 2000, was a long-standing manager at state-controlled oil major Eni, which he left in 2008. Eni, which owns 43 percent of Saipem, declined to comment. The board of Saipem will be renewed at a shareholder meeting scheduled for April 30.

Massimo Fontolan: Photo credit IMCA

IMCA Induct New President

Massimo Fontolan, of Saipem Ltd., takes on the role of President of the International Marine Contractors Association (IMCA). Mr. Fontolan is currently Vice President Commercial, North Atlantic and Arctic at Saipem Ltd. In addition to becoming President of IMCA, he also becomes Chairman of the association's Overall Management Committee (OMC), having served as Vice President of IMCA for the past two years. He is a Civil Engineer with a degree in hydromechanics and quick to point…

Saipem: BOD Appoints Chairman, CEO, Deputy CEO

San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S.p.A. It also ascertained the independence requirements for Board Directors and Statutory Auditors and appointed the members of the internal Board Committees. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code to ascertain that the Directors Galateri di Genola…

Saipem Buys into Brazil

Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário de Guarujá S.A.), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá, within the industrial hub of Santos, the largest port of South America, in the state of  São Paulo. The area is strategically located, approximately 350 km from Santos Basin, the offshore Brazilian region where ultra-deep water pre salt fields are being discovered, and approximately 650 kilometres from Campos Basin, the other most important Brazilian offshore basin.

Barents Sea Drill Rig Stability Incident to be Investigated

The Petroleum Safety Authority Norway (PSA) will investigate the recent stability incident on the mobile rig 'Scarabeo 8'. Scarabeo 8 is a semi-submersible drilling facility owned by Saipem SpA Norwegian Branch (Saipem). The facility is currently engaged in exploration drilling for Eni Norge on well 7220/10 in the Barents Sea. Just after 15:00 hours on Tuesday, 4 September, the Scarabeo 8 developed a 5.7-degree list due to unintentional filling of a ballast tank. The incident triggered an alarm and mustering of personnel.

Saipem Wins $1B Offshore Deal

Saipem has been awarded new offshore contracts worth over 1 billion euro. The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present, in particular in the Caspian Sea, both in the Kazakh and Azeri sectors, Brazil, the Middle East, West Africa, the North Sea and Mexico. The operations will be performed by Saipem’s most powerful fleet vessels and include the laying of sealines, field development, as well as platform fabrication and installation.

Skandi Hercules: Photo credit DOF Subsea

DOF Subsea Win Multiple Offshore Contracts

DOF Subsea AS secures contracts in Asia, Atlantic and Gulf of Mexico regions with total value of about US$50-million. In the Asia Pacific Region DOF Subsea have secured several new contracts and extension of existing contracts with a total contract value of about US$ 20-million. The contract award will increase the utilisation of the region’s vessels Geobay, Skandi Singapore and Skandi Hercules. In the Atlantic region DOF Subsea have been awarded several new contracts and extension of existing contracts with a total contract value of USD 24 millions.

Saipem Statutory Auditor Resigns

Professor Anna Gervasoni has resigned from the position of Statutory Auditor of Saipem S.p.A. due to “new professional and academic commitments”, Saipem announced today.   Gervasoni had been appointed from the list presented by Eni S.p.A. at the General Shareholders’ Meeting of May 6, 2014.    In accordance with the law and the Company’s Articles of Association, the Alternate Auditor Giulia De Martino assumes the position of Statutory Auditor. De Martino had been elected Alternate Auditor at the General Shareholders’ Meeting on April 30, 2015 at Eni’s proposal.

Polish LNG Terminal. Photo: Polskie LNG

LNG Terminal in Poland Will be Ready This Year

Świnoujście terminal which is designed to reduce Poland’s dependence on natural gas imported from Russia will be completed by the end of the year, Polskie LNG, a company designed to conduct the investment, informed in a press release. Poland's liquefied natural gas (LNG) import terminal in Świnoujście will receive its first cargo of the chilled gas by the end of 2015. However, the terminal on the Baltic Sea will be ready for commercial exploitation in the second quarter of 2016.

Keppel Shipyard

Keppel Shipyard Wins FPSO Conversion Contract

Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won. Keppel Offshore & Marine Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about S$125 million. The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Limited, a joint venture between long-standing customer Bumi Armada Berhad (Bumi Armada) and Shapoorji Pallonji Group (Shapoorji Pallonji).

Bayliss Joins IMCA as Technical Advisor

A new Technical Adviser, Paul Bayliss, has joined the expanding London secretariat of the International Marine Contractors Association (IMCA). He will help to manage the significant work programme of the Association supporting members towards safer and more efficient marine operations. These include offshore construction, dynamically positioned vessels, offshore diving, remotely systems and remotely operated vehicles (ROVs), and offshore positioning/surveying (hydrographic and condition survey).

floating production storage and offloading unit (FPSO) Usan, offshore Nigeria

Fairmount Glacier Positions FPSO Offshore Nigeria

Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted in the installation of the floating production storage and offloading unit (FPSO) Usan, offshore Nigeria. For this operation Fairmount was contracted by Saipem Energies, which needed a 200 ton bollard pull tug for this job. FPSO Usan is one of the largest of its kind: 320 metres long and 61 metres wide. The unit is build by Hyundai Heavy Industries in Korea. The Usan oilfield is discovered about ten years ago. The field is situated 100 kilometres south of Port Harcourt, with water depths up to 850 metres.

IMCA’s Central & South America Officials Elected

The first Chairman and Vice Chairman for the Central & South America Section of the International Marine Contractors Association (IMCA) have been elected. Giorgio Martelli from Saipem is Chairman of the Section and Gilles Lafaye from Acergy is its Vice Chairman.   The new section, formed in 2009 and host of the IMCA Annual Seminar in Rio de Janeiro in November 2009, provides a forum for members to address local issues, network and both learn about and contribute to the association's global work program.    

STX Finland Signs a Maintenance Contract for Saipem

On 20 April 2011, STX Finland Oy and Saipem S.p.A signed a contract on major overhaul and maintenance of the semisubmersible pipelay vessel Castoro Sei. The work on the ship, providing employment for as many as about 1,000 people, will be completed by STX's Turku shipyard. The Castoro Sei is a 152 metres long and 70.5 metres wide semisubmersible pipelay vessel, owned by Italian offshore company Saipem S.p.A. She is currently deployed in laying the pipeline for the Nord Stream project on the Baltic Sea.

Photo courtesy Keppel Offshore & Marine Ltd

Keppel Clinches Petrobras & Saipem Contracts

Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel Verolme BV (Keppel Verolme), has secured two contracts worth a total of about $165m. The first project, secured by Keppel Shipyard from repeat customer Petrobras Netherlands B.V (PNBV), is for the pre-conversion of P-58, a Floating Production Storage and Offloading (FPSO) vessel for the Campos Basin. The second project involves the repair and modification of the semisubmersible pipelay vessel, Castoro Sei for Saipem S.p.A (Saipem) by Keppel Verolme.

Fairmount Glacier Assists Rig Scarabeo 9

Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9 sailing around Cape of Good Hope. For this operation Fairmount was contracted by Saipem Energies directly after the successful installation of the floating, production, storage and offloading unit Usan offshore Nigeria. Fairmount Glacier was contracted to sail towards a rendez-vous location offshore South Africa where she met with Scarabeo 9 and escorted her safely around the Cape of Good Hope.

Giovanni Corbetta

New Managing Director Joins DOF Subsea UK

An experienced figure in the subsea sector has been appointed Managing Director of DOF Subsea UK. Giovanni Corbetta, who was most recently Managing Director with Hallin Marine, will lead the company’s transformation from vessel operator to provider of integrated subsea solutions for the market from its headquarters in Aberdeen. In total, Giovanni has more than 22 years of experience in the subsea sector and has also worked with major companies including Sonsub and Saipem. His expertise encompasses areas such as international project management…