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A Leading Oil & Gas Services Provider
September 2015
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Saipem: A Leading Oil & Gas Services Provider 2
Contents
Highlights• HSE and Q
Business Model
Ownership
Financial Performance
OrganizationSustainability and Local Content
Strategy and Major Projects Under Way
Key Achievements and Activities
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Saipem: A Leading Oil & Gas Services Provider 3
Saipem Today: A Major Multicultural E&C & Drilling Contractor
Pipelayer
LNG Carrier
FSRU
Drill Ship
RegasificationLNG
PlantPetrochemicals
Refinery
PowerDrilling Rig
PlantGas Liquefaction
StationCompressor
ProductionOil & Gas
Gas-to-Solids
Pipelaying
Yard
Repair SystemSircos - Pipeline
Trenching MachineBeluga - Deepwater
Remotely Operated VehicleROV
Pipelay VesselSemisubmersible
FPSO
FieldDevelopment Ship
Drilling RigSemisubmersible
VesselSubsea Construction
Heavylift
Operating in more than 60 countries~ 46,000 employees from > 130 nationalities29 engineering and project execution centers worldwide
11 fabrication yards in 5 continents
REVENUES2014 12.9 B€ 2015 guidance ~ 12 B€
BACKLOGJune 30, 2015 19.0 B €
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Saipem: A Leading Oil & Gas Services Provider 4
A Leading Global EP(I)C General Contractor
High quality player onshoreand in niches offshore
Drilling
Distinctive ‘frontier focus’ in Oil & Gas industries
Full service EP(I)C provider
Most modern, technologicallyadvanced offshore construction fleet
Engineering & Construction
BUs Offshore, Onshore, Floaters
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Saipem: A Leading Oil & Gas Services Provider 5
An impressive track record over more than 60 years
Designed and built:
More than 100 grass roots complexes,2,000 process units
Over 130,000 km of land pipelines,sealines and trunklines
In the last decade, more than 100offshore EPIC projects,
Engineering & Construction
Drilled over 7,300 wells,of which 1,800 offshore
Drilling
including groundbreaking deepwaterachievements
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Saipem: A Leading Oil & Gas Services Provider 6
Global Presence with a Multilocal Emphasis (1/2)
Milan
Engineering Centres
Yards & Main Logistic BasesOther Main Areas and Rep. Offices
Fano
Chennai
Paris
Rome
EP(I)C Hubs
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Saipem: A Leading Oil & Gas Services Provider 7
Global Presence with a Multilocal Emphasis (2/2)
( ° ) 31 st August, 2015
Human Resources
46,277 employees of 130 nationalities (°)
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Saipem: A Leading Oil & Gas Services Provider 8
1,09
0
50
100
150
200
250
300
350
,000
1,000
2,000
3,000
4,000
5,000
6,000
m i l l i o n
h o u r s w o r k e
d
L T I a n
d T R I F r e q u e n c y
R a
t e s
Company performance 1999 – 2014
Worked Manho urs LT I Freq uency R ate TRI Frequ ency Rate
- Lost Time Frequency Rate is the ratio between number of incidents with loss of working days andtotal worked manhours (x 1.000.000)
- Total Recordable Incidents Frequency Rate is the ratio between number of total recordable incident andtotal worked manhours (x 1.000.000)
HSEQ – Top Saipem PriorityLTI & TRI Frequency Rate 1999 – 2014
0.28
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Saipem: A Leading Oil & Gas Services Provider 9
Moving to the next safety plateau
Saipem’s non-profit organization,to sponsor HSE studies, trainingprograms, educational campaigns, etc.
Results and methodologies available tothe industry
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Saipem: A Leading Oil & Gas Services Provider 10
LifestyleTransmitable deseases
Malaria 478 events
7 953 partecipants (*)
Choose Life campaign
A campaign design to provoke ‘Healthy Choices’, specifically targeting 3 of thecritical health challenges facing a globally operating company today
(*) June 30, 2015
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Saipem: A Leading Oil & Gas Services Provider 11
Saipem Businesses and BUs
BU Offshore BU DrillingBU FloatersBU Onshore
E n g
i n e e r i n g
& C o n s
t r u c
t i o n
O f f s
h o r e
O
n s
h o r e
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Saipem: A Leading Oil & Gas Services Provider 12
Highlights•
HSE and QBusiness Model
Ownership
Financial Performance
OrganizationSustainability and Local Content
Strategy and Major Projects Under Way
Key Achievements and Activities
Contents
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Saipem: A Leading Oil & Gas Services Provider 13
Saipem E&C: Complete Range of EPC/EPIC Services
FEASIBILITYSTUDIES
TECHNOLOGYLICENSES
PROJECTDEFINITION
BASIC DESIGNFRONT END
ENGINEERING,PROCUREMENT,INSTALLATION,CONSTRUCTION
START-UP ANDCOMMISSIONING
LEASE
AND OPERATE
MAINTAINAND OPERATE
REVAMPS,UPGRADES,MODERNIZATION
DECOMMISSIONING
ENV. REMEDIATION
SAFETY, QUALITY MANAGEMENT
PROJECT MANAGEMENT
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Saipem: A Leading Oil & Gas Services Provider 14
Saipem E&C: Complete Range of EPC/EPIC Services
Targeting eventhe most challengingand technologicallyadvanced projects ,offshore and onshore
Emphasison maximizinglocal presenceand content
Superior capabilitiesfor harsh, remoteand difficultenvironments
Customized projectand contracting solutions
EPC, LSTK, EPIC, T&I,Cost-plus, Convertible,Lease & Operate
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Saipem: A Leading Oil & Gas Services Provider 15
Saipem Business ModelSupply of complex solutions for even the largest and most challenging projects
Maximum emphasis on Healthcare,Safety, Environmental and Quality
values and culture
High-tech fleet ,unique in global
markets
Broad, well-rooted,sustainable presencein strategic markets
worldwide
State-of-the-artknow-how
and top qualityengineering
STRONGPROJECT
MANAGEMENT
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Saipem: A Leading Oil & Gas Services Provider 16
Saipem in Drilling
International drilling contractor operating both offshore and onshore
13 th largest contractor in offshore drilling,2 nd largest contractor in onshore drilling international markets
Specialization in deep water , harsh environments and remote areas
Offshore positioning(total world*: 751 units, Apr. ‘15)
Onshore positioning(total international markets*: 938 units, workover
excluded, Mar. ‘15)
*excluding North America, China and Russia*drillships, semisubs and jackups
member of
( ° ) 30 th June, 2015
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Saipem: A Leading Oil & Gas Services Provider 17
Saipem’s Assets: Major Engineering CentresSaipem(Milan – Italy)
Saipem(Paris – France)
Saipem(Rome – Italy)
Saipem(Fano – Italy)
Saipem India Projects(Chennai – India)
EP(I)C HUBS
ENGINEERING CENTRES
Saipem Canada
(Calgary - Canada)
Saimexicana(Mexico City - Mexico)
Xodus Subsea(London – UK and> 10 other locations)
Saipem do Brasil(Rio de Janeiro - Brazil)
Sofresid(Regional Offices - France)
Moss Maritime
(Oslo - Norway)
Snamprogetti Romania(Bucharest - Romania)
Saipem India Projects(New Delhi - India)
Saipem(Rijeka - Croatia)
Saipem Indonesia(Jakarta - Indonesia)
Saipem(Sharjah - UAE)
Saipem ContractingAlgérie(Algiers - Algeria)
SA.LI.CO.(Tripoli - Libya)
Saipem(Vibo - Italy)
Saipem Contracting(Nigeria)(Lagos - Nigeria)
Deepwater Engineeringand Technology(Luanda - Angola)
SnamprogettiEngineering & Contracting(Al-Khobar - Saudi Arabia)
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Saipem: A Leading Oil & Gas Services Provider 19
Arbatax Yard Italy
Rumuolumeni Yard Nigeria
Pointe Noire Yard Republic of the Congo
Soyo Yard AngolaAmbriz Yard Angola
Dammam Yard Saudi Arabia
Karimun Yard Indonesia
Kuryk Yard Kazakhstan
Kurik Yard, Kazakhstan
Soyo Yard,Angola
Saipem’s Assets: Fabrication Yards (*)
(*) Construction support facilities worldwide not included
Edmonton Yards Canada
Ambriz Yard,Angola
Rumuolumeni YardPort Harcourt, Nigeria
Guarujà Yard Brazil
Karimun Yard, Indonesia
Guarujà YardBrazil
Edmonton Yards - Canada
Rumaila Yard Iraq
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Saipem: A Leading Oil & Gas Services Provider
Field Development / SURFLifting and DLB
Ultra-Heavy Lifting& Deepwater Pipelaying
Saipem 7000
Pipelaying
Castoro OttoSaipem 3000
Castorone
Saipem’s Assets: Offshore Construction VesselsOur offshore fleet exceeds 40 units
20
Normand Maximus
Underconstruction
Saipem FDSSaipem FDS 2
Castoro Sei Castoro 10 Castoro XI
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Saipem: A Leading Oil & Gas Services Provider
Saipem 12000Angola
Saipem 10000Mozambique
Scarabeo 5Norway – North Sea
Deep Water
Perro Negro 8
Italy
Perro Negro 7Saudi Arabia
Jack-Up
Scarabeo 9Angola
Scarabeo 8Norway – North Sea
Saipem’s Assets: Drilling Units17 offshore units and more than 100 onshore rigs
Heliportable Rig Ecuador/Perù
Desert EnvironmentAlgeria/Saudi Arabia
Kashagan Field - Kazakhstan
Onshore
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Saipem: A Leading Oil & Gas Services Provider 22
Contents
Highlights• HSE and Q
Business Model
Ownership
Financial Performance
OrganizationSustainability and Local Content
Strategy and Major Projects Under Way
Key Achievements and Activities
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Saipem: A Leading Oil & Gas Services Provider
Saipem Ownership
23
Market Cap. € 3.9 Billion@ December 31, 2014
Listed on Milan Stock Exchange
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Saipem: A Leading Oil & Gas Services Provider 24
Contents
Highlights• HSE and Q
Business Model
Ownership
Financial Performance
OrganizationSustainability and Local Content
Strategy and Major Projects Under Way
Key Achievements and Activities
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Saipem: A Leading Oil & Gas Services Provider 25
(B€ )Financials
3.9
5.3
10 1
3.2
3.5
7 3
0.40.5
10 3
4.8
4.3
0.60.6
11 2
0.7
0.8
5.2
4.5
3.5
9 3
5.1
0.47
0.30.4
6.0
5.1
12 6
0.7
0.8
13 4
6.2
5.4
0.8
1.112 3
5,1
5.3
0.8
1.2
7.2
3.8
12 9
0.30,4
0.7
1.2
3.4
1.0
0.40,5
5 4
2006 20142007 1 HF152008 2009 2010 2011 2012 2013
REVENUES
4.5
0.6
6.1
4.4
3.53.7
3.7
0.3
5.1
7.7
4.6
0.30.3
7.5
0.6
0.6
1.2
0.8
1.6
2.2
12 5
0.6
0.8
5.0
6.1
4.0
7.5
0.9
1.0
2.6
5.8
0.9
1.4
10.0
6.4
2006 20142007 1HF152008 2009 2010 2011 2012 2013
0.9
0.7
0.10.2
2.7
0.4
13 9
10 7
9 9
12 9
11 9
13 4
10 7
18 0
3 5
NEW CONTRACTACQUISITIONS
9.2
4.7
3.8
7.1
4.2
15 4
2.3
5.4
18 7
8.0
3.4
3.8
5.5
10.5
20 5
12 9
6.1
4.2
3.41.5
1.5
1.1
0.7
0.4
6.6
9.6
20 4
3.3
0.9
8.7
6.7
19 7
3.2
1.1
17 1
4.1
8.3
3.4
1.2
11.2
6.7
1.4
22 1
2.9
2006 20142007 1HF152008 2009 2010 2011 2012 2013
19 0
6.1
9.3
2.5
1.1
19 1
BACKLOG
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Saipem: A Leading Oil & Gas Services Provider 26
Major Global E&C Companies in Oil & Gas MarketsRevenues in 2014 (B € )
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Saipem: A Leading Oil & Gas Services Provider 27
Balanced Exposure to Oil & Gas Industry: Backlog Analysis
44%
48%
5%3%
Majors/Supermajors
National
Independents
Others
North Africa
Europe America
West Africa
CIS
Asia Pacific
Middle East
25%
13%8%
6%
30%
1% 18%24% 6%
9%
19%
1%
4%36%
Saudi Arabia
Kazakhstan
Nigeria
Angola
Other
Canada
Brazil
TOTAL BACKLOG AS OF December 31, 2014 = 22.1 B €
BY GEOGRAPHIC
AREA
BY
CLIENT
BY COUNTRY WITH MAJOR
‘LOCAL -CONTENT’ FOCUS
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Saipem: A Leading Oil & Gas Services Provider 28
Contents
Highlights• HSE and Q
Business Model
Ownership
Financial Performance
OrganizationSustainability and Local Content
Strategy and Major Projects Under Way
Key Achievements and Activities
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Saipem: A Leading Oil & Gas Services Provider
Saipem Operations
30
Project and PostOrder
Management
COO
G. CASELLI
BUOffshore
S. PORCARI
BUOnshore
E. MAGNANI
BUDrilling
E. PALLIOTTO
COO Office
BUFloaters
F. PALLAVICINI
P. BARCLAY
Engineering,Technologies &Commissioning
A. CIPELLI
A. GEBBIA
Europe &North Africa
J. L. CHASSAGNE
C.I.S. & Caspian Sea
a.i. G. CASELLI
Central Africa
G. D’ALOISIO
Southern Africa
L. FURINI
Middle East
G. SECCHI
South East Asia& Oceania
G. MARTELLI
North America
V. TESTAGUZZA
South America
L. CATTEDRI
E&CTendering
M. PANTALEONE
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Saipem: A Leading Oil & Gas Services Provider 31
Contents
Highlights• HSE and Q
Business Model
Ownership
Financial Performance
OrganizationSustainability and Local Content
Strategy and Major Projects Under Way
Key Achievements and Activities
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Saipem: A Leading Oil & Gas Services Provider 32
Local Content MaximizationA cornerstone of Saipem’s business philosophy
Develop/invest in localproject execution centres
Project ManagementEngineering
Procurement and Subcontractswith Local Suppliers
Prefabrication Yards
Local hiring
Training, know-how transfer
Local partnerships
HSE, medical trainingand assistance
Creation of long-term social andeconomic value
Development of local skills Effective engagement ofall stakeholders
Objective: deeply rooted local sustainable presence
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Saipem: A Leading Oil & Gas Services Provider
Local Presence: Saipem in Canada
Full service project execution centre, with international reachUpstream
Pipelines
Refining
Oil sands processing
Shale gas
34
Mastered exacting local project execution requirementsClimate impact
Modularization
Pioneered new entry mechanisms for foreign laborCompleted own prefabrication yards
The only real local EPC contractor in Alberta,with full control of the entire work sequence and risk assumption
Business model based on EPC
Innovative contractual and risk management schemes, new for theCanadian market
L l P S i i I
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Local Presence: Saipem in Iraq
Sajer, a JV with local partners, registeredin Iraq since 2009
Rumailah Camp Facilities
Sajer Assets:Baghdad Head Office (Int. Zone)Rumailah: Camp, Logistics Base, Prefab Yard,Training Centre, Laydown Yard, Batching PlantSharing people and assets with Saipem ME facilities
Drilling OperationsTechnical service agreement to support Iraqi drilling company
4 EPC contracts for water treatment, processing plants andpipelines for ExxonMobil Iraq Ltd.
Numerous projects under wayIraq Crude Oil Export Expansion Project Phase 2, Basra OilTerminal, South Oil Company
Umm Qasr Marine Terminal rehabilitation, Inlet BoosterCompression Station, FCP Majnoon and other projects forShell/Basra Gas Company
Central Metering and Manifold Platform Loadout – Iraq Crude Oil Export Expansion Project, South Oil Company
In execution
In execution
L l P S i i B il
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Saipem: A Leading Oil & Gas Services Provider
From occasional contractor topermanent player
8 major deepwater EPIC projects underwayOne Leased FPSO in operation offshoreVitoria3 rigs deployed for onshore drilling
Guarujá YardFPSO Cidade de Vitoria
• Guara & Lula NE Pipelines• Lula NE – Cernambi
New flagship Saipem FDS 2 vessel,ideally suited for Pre-Salt ultra-deepwater project execution
(Picture of Saipem FDS 2 vessel that willperform the offshore activities)
Local Presence: Saipem in Brazil
Rio Polimeros ChemicalComplex (completed in 2005)
Application of highly specializedultra-deep water fleet
36
Rio Engineering Centre
Developing new Guarujá Yard and EngineeringCentre in Rio
Within the industrial hub of Santos, the largest port andindustrial area in BrazilStrategically located to support development of new ultra-deepwater Pre-Salt fieldsFabrication of subsea and floating structures and supply ofsupport services to the specialized fleet and project execution
EPIC contracts for the Lula Norte,Sul and Extremo Sul Projects
Lula Extremo Sul Project
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S i S
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Saipem: A Leading Oil & Gas Services Provider
Excel in all steps of the oil & gas value chain, onshore and offshore, upstream and downstream,as well as in selected diversified businesses
Saipem Strategy
38
DRILLING
UPSTREAM
OFFSHORE FIXEDFACILITIES
SUBSEA FIELDDEVELOPMENT
FLOATERS
OIL & GASPRODUCTIONAND PROCESSING
OIL
GAS
PIPELINES
ONSHORE
OFFSHORE
DOWNSTREAM
OIL REFINING IGCC
INDUSTRIAL MARITIMEWORKS
INFRASTRUCTURES ENVIRONMENT& RENEWABLES
MAINTENANCE& OPERATIONS
GASLIQUEFACTION
GAS-TO-LIQUIDS
GAS-TO-SOLIDS
LNGREGASIFICATION
POWER
PETROCHEMICALS
Advanced Subsea Offshore and Onshore Technology Development
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Saipem: A Leading Oil & Gas Services Provider
Advanced Subsea, Offshore and Onshore Technology Development
SURF
Riser concepts : SIR, BIRD,…
Forged ends PIPPlastic liners : FBJ
Active heating for pipe in pipeWelding
Subsea Processing
Gas/liquid separation : MultipipeLiquid/Liquid separation : SpoolSep
Seawater treatment: SPRINGS
Floaters
Offshore LNG offloadingFLNG technologiesDry tree Unit (WHB)
Subsea Field Architectures
SIR Riser
SPRINGSMultipipe
FLNG tandemoffloading system
SpoolSep
SpoolSep Multipipe
Flowlines with PiP, heating,liners, …
Process Technologies
"Zero emissions" urea synthesisEnvironment and remediation control
Advanced Welding & PipelayingTechniques
Ultra-shallow, ultra-deep, Arctic pipelayingProductivity accelerationExotic and clad materials
39
FLNG facility
M g j t U d W O h
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CNRL Horizon SecondaryUpgrader, Phases II and III- Canada (Picture of CNRL – Phase I)
Chevron, LNG Loading JettyGorgon - Australia
Southern SwampAssociated Gas SolutionSPDCNigeria
Mega-projects Under Way, Onshore
Shedgum-Yanbu Pipeline,Saudi Aramco, Saudi ArabiaSouth Caucasus Pipeline,Azerbaijan – GeorgiaPipeline El Encino, MexicoWater Pipeline System - Chile
Benisede
Tunu Okupushi
Ogbotobo
Socar & Turcas Aegean Rafineri – Turkey (Vision 2023)Jazan Refinery Pckgs 1&2,Saudi Aramco, Saudi Arabia
Fertilizer ComplexDangote Fertilizer Ltd.,Nigeria
EPDM Rubber PlantVersalis, Italy
(Pictured: Khurais Field Development Project)Khurais, Mazajili and Abu Jifan production centers expansionSaudi Aramco, Saudi Arabia
Al-Zour New Refinery Project (NRP) Pckgs 4 & 5,KNPC, Kuwai t
Phase III
M j EPC P j t U d W O h
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Saipem: A Leading Oil & Gas Services Provider
Shah Gas Development Project Abu Dhabi Gas Devel. Co. Ltd.United Arab Emirates
LNG GL3Z ArzewSonatrach
Algeria
South Caucasus Pipeline ExpansionShah Deniz Consortium
Azerbaijan-Georgia
EPDM rubber plant expansion
VERSALISItaly
Major EPC Projects Under Way, OnshoreHigh Speed RailwayRFIItaly
Horizon Oil SandsCanadian National Resources Ltd.Canada
Khurais Mazalij and Abu Jafan fieldsNew facilitiesSaudi AramcoSaudi Arabia
SSAGS FacilitiesSPDCNigeria
Topolobampo Gas PipelineTranscanadaMexico
Rabigh II ComplexSaudi Aramco/SumitomoSaudi Arabia
Ammonia and Ureaproduction complexDangote Fertilizer LtdNigeria
Zubair Gathering SystemExxonMobilIraq
STAR Rafineri A.S.Grassroots RefineryTurkey
West QurnaExxonMobilIraq
Shedgum Yanbu Pipeline Loop 4&5Saudi AramcoSaudi Arabia
Jazan Refinery, Packg.s 1 and 2Saudi AramcoSaudi Arabia
Litchendjili Gas Treatment PlantEni CongoCongo
41
0615
Regasification TerminalPolskie LNG CompanyPoland
Shell Petroleum DevelopmentOtumara-Saghara-EscravosGas PipelineNigeria
Pipeline El Encino,TranscanadaMexico
Al-Zour New Refinery Project (NRP)Packages 4 and 5KNPCKuwait
Water Pipeline SystemCODELCO
Chile
M j U d W Off h d Fl
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Saipem: A Leading Oil & Gas Services Provider
Sapinhoa Norte and Cernambi SulGuara & Lula NE Export Pipelines-Brazil (Pictured)
Mega-projects Under Way, Offshore and Floaters
Ichthys Gas ExportPipelineAustralia
Liwan 3-1 Field - China(Picture of the Saipem FDS 2 vessel thatwill perform the offshore activities)
First DeepwaterField Developed in theSouth China Sea
Lula Norte, Lula Sul, andLula Extremo Sul Pipelinesand Riser SystemsP55 – Brazil (Pictured)
Petrobras, BrazilPre-salt Projects
Egina Field Development,Total, Nigeria
Al Wasit Gas ProgramSaudi Arabia
CastoroOtto
Shah Deniz Stage 2,BP Exploration, Azerbaijan
Recentlyawarded
FPU for JangkrikComplex Project Dev.Eni M.B., Indonesia
Justawarded
Two FPSOs for Kaombo - Field Dev. Project, Block 32Total, Angola
42
New offshore structures(Part of Long Term Agreement)Saudi Arabia
Major EPIC and T&I Projects Under Way Offshore and Floaters
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Saipem: A Leading Oil & Gas Services Provider
Major EPIC and T&I Projects Under Way, Offshore and FloatersVarious platform and pipeline installationsNorth Sea
Al Wasit Gas Program Arabiyah and Hasbah fields developmentSaudi AramcoSaudi Arabia
Ichthys Gas Export PipelineINPEX Australia
Long Term AgreementOffshore Maintain Potential ProgramSaudi AramcoSaudi ArabiaFPSO Cidade de Vitoria
Petrobras
Brazil(Leased - in operation)
Sapinhoa Norte and Cernambi SulSLWR and FSHRPetrobrasBrazil
Sapinhoa Norte and Iracema Sul ProjectPetrobrasBrazil
Lakach field developmentPemexMexico
Shah Deniz Stage 2BP
Azerbaijan
Lula Norte, Lula Sul andLula Extremo Sul projectPetrobrasBrazil
Kizomba Satellites Phase 2 TiebacksEsso
Angola
FPU for Jangkrik Complex ProjectEni Muarau BakauIndonesia
Egina Field DevelopmentTotalNigeria
FPSO Units forKaombo Field Dev.Total
Angola
FPSO GimboaSonangol
Angola(Leased - in operation)
43
0615
Kashagan field – Pipeline InstallationNorth Caspian Operating CompanyKazakhstan
Filanovsky FieldExport pipelines and T&I activitiesLukoilRussia
New Offshore StructuresSaudi AramcoSaudi Arabia
Saipem Drilling Business Unit: Key Utilization Data
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Saipem: A Leading Oil & Gas Services Provider 44
Saipem Drilling Business Unit: Key Utilization Data
60%
70%
80%
90%
100%
'09 '10 '11 '12 '13 '14
deep water floaters
mid water floaters
high specs jackups
standard jackups
tender assisted
heavy rigs
medium rigs
light rigs
all fleet
60%
70%
80%
90%
100%
'09 '10 '11 '12 '13 '14
Utilization rate significantly higher than the average of competitors
% of utilizationoffshore drilling
% of utilizationonshore drilling
Saipem Offshore Drilling Fleet Deployment (J l 2015)
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Saipem: A Leading Oil & Gas Services Provider 45
Deep Water Floaters
Mid Water Floaters
High Specs Jackups
Standard Jackups
Tender Assisted
Logistic Bases
S12000(drillship )
Scarabeo 9(6th gen semi)
TAD
Scarabeo 3(2nd gen semi)
Perro Negro 4
Scarabeo 4(2nd gen semi)
Scarabeo 6(3nd gen semi)
Perro Negro 2 - 3 - 5
Perro Negro 7 - 8
Scarabeo 5(4nd gen semi)
Scarabeo 8(6nd gen semi)
Saipem Offshore Drilling Fleet Deployment (July 2015)
S10000(drillship )
Scarabeo 7(5th gen semi)
Saipem Onshore Drilling Rigs Deplo ment
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Saipem Onshore Drilling Rigs Deployment (June 2015)
Chile2 RIGS
Bolivia4 RIGS
Peru24 RIGS
Ecuador3 RIGS
Colombia7 RIGS
Venezuela28 RIGS
Mauritania1 RIG
Tunisia1 RIG
Italy2 RIG
Turkmenistan1 RIG
Kazakhstan8 RIGS
Saudi Arabia28 RIGS
Congo2 RIGS
Contents
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Contents
Highlights• HSE and Q
Business Model
Ownership
Financial Performance
Organization
Sustainability and Local Content
Strategy and Major Projects Under Way
Key Achievements and Activities
Mega Oil Projects Upstream
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Saudi Aramco, K.S.A.Mega Oil Projects Upstream
Individual project values: > 2 bn $ eachLast years total awards: > 12 bn $
FEED(Cost-plus)
EPC(Lump Sum)
With pre-agreed formulae
Flagship projects to bring huge new gasand oil production capacity on streamquickly
New “Convertible” contract structures:
Khurais Oil Field: Saipem awarded 60%of total investmentSource: Saudi Aramco (2007)
Qurayyah SeaWater Treatment
Khurais WIPS Khurais UtilitiesPackage
QatifCentral ProducingFacilities
KhursaniyahProcessingFacilities
Manifa CentralProcessingFacilities
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Floating Oil and Gas Production
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Floating Oil and Gas Production
ExxonMobil, ErhaFPSO, Nigeria
Total, Dalia FPSO, Angola
Designed and completed:
6 converted FPSOs under Lease & Operatecontracts (3 in operation)
Continuously developing new conceptsand top qualityengineering services ,including the designof morethan 20 semisubmersible units.
9 new built floating production systems,including 3 large scale projects with storagecapacity exceeding 2 million barrels of oil
FPU for Jangkrik Complex ProjectEni Muara BakauIndonesia
Latest Award
Two FPSOs for KaomboField Development Project,Total, Angola
Latest Award
Complex Integrated Offshore Fixed Facilities
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Complex Integrated Offshore Fixed Facilities
Saudi Aramco, Saudi Arabia,Al Wasit Gas Program
EPIC flagship projects:
Agip Gas B.V., LibyaBahr Essalam Full Field Development
Completed more than 100 offshore EPIC projectsover the last ten years, including severalchallenging large-scale integrated complexes
Bahr Essalam Full Field Development:Gathering sealines, export trunklines, subsea productionsystem, production platform
Al Wasit Field Development:Complete system, including 12 wellheads, 2 tie-in and 1injection platforms, 200 km export trunkline offshore, 120 kmonshore pipeline, service pipelines and sealines, marine works
South Oil Company, IraqCrude Oil Export ExpansionProject, Phase 2(Picture of Castoro otto installing similar platform)
UnderExecution
Close tocompletion
Shah Deniz Stage 2T&I of jackets, topsides and subsea production systems andsubsea structures; laying of over 360 km of pipelines; divingsupport services; upgrading of main installation vessels
BP, Shah Deniz Field (general layout), Azerbaijan
LatestAward
Platforms Installation
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Platforms Installation
Saipem 7000 installing platform accommodation module
Installed 2.5 million tons of offshore structuresHeaviest lift record: 12,100 t integrated deckFloatover and heavy lift techniques
Sakhalin Island, Russia, integrated deck floatover installation
Jacket launch
Subsea Deepwater Field Development
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Subsea Deepwater Field Development
Elf Petroleum Nigeria, Usan, NigeriaEPCI of subsea system connecting42 wellheads to FPSO, with export sealines
Designed and executed more than 20 majordeepwater systems in the last ten years
Numerous high technology proprietarysolutions available for risers and flowlines
Gazprom, Sakhalin 3, Russia(*) Not deepwater
Burullus Gas Company,West Delta Deep Marine Project,Egypt(Picture of Saipem FDS operations i n Egyptian waters)
CurrentlyUnderExecution
Under way:Egina Field Development,for Total Upstream Nigeria Ltd.EPIC Contract for Umbilicals,Flowlines and Riser System
Sapinhoa Norte and Cernambi Sul Projectfor Petrobas EPIC contract for Steel LazyWave Riser and Free Standing Hybrid Riser for the gas export systems
Egina Field Development - Nigeria
UnderExecution
Sonsub Remote Subsea Technologies
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Sonsub Remote Subsea Technologies
Repsol, Spain, PrestigeDeepwater oil recovery
Construction Services
Diverless Tie-in and Pipeline Repair SystemsDiving OperationsSpecialist Tooling & EngineeringSurvey & Positioning ServicesDedicated fleet of 11 Construction Support Vesselsand Several ROVs
Bar ProtectorDive support andconstruction vessel
Innovator 250Heavy duty ROV
Deepwater sealine repair system
More than 200 subsea inspection, maintenance,repair and support services completed world-widein the last 20 years
Deepest recovery operation of oil from tankerat 3,850 m water depth (Repsol, Prestige)
Full service deepwater intervention capabilities:
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Refining and Heavy Oils Conversion
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CNRL - Canada
37 grass-roots refineries World-wide track record
30 hydrocrackers, H-Oil and LC Finers
In the last decade, emphasis on “Bottoms -of-the- Barrel” upgrading
Recent focus:
Staatsolie, Suriname, refinery expansion (modular) EST First Commercial Unit for Eni R&M
2 desulfurization and amine units forPemex - Refinacion, Mexico
Canadian projects
Eni - ESTSannazzaro Refinery
Staatsolie MaatschappijSuriname N.V.
Reformer and Aromatics Complexfor Saudi Aramco/Sumitomo - Rabigh II, Saudi Arabia
Aegean Refinery Project
CNRL Horizon Upgrader Phases II and III - FEED and EPC
212,000 BPSD Grassroots Refinery Aliaga, Turkey
Jazan IGCC ComplexSaudi Aramco Saudi Arabia15 gasifiers, plus H 2 , ACR, Soot Ash Removal, Sulfur Recoveryand other units
Al-Zour New Refinery Project (NRP)for KNPC Packages 4 and 5, Kuwait
InExecution
InExecution
InExecution
InExecution
InExecution
IGCC-Integrated Gasification with Combined Cycle
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Significant interrelationships EPC/Project Financing requirementsDesigned and built the two world largest IGCC plants 0n stream
GE (then Texaco) and Shell technologies
Integration of many technologies and proprietary equipment
Designing and building the world largest gasification projectSaudi Aramco Jazan IGCC
ISAB, Priolo - Italy
512 MWe
Sarlux, Sarroch - Italy
550 MWe
Contributed to technology optimization and development(E.g. Reactor redesign)
Eni R&MSannazzaro - Italy
250 MWe
Feed
Quenchwater
Syngas
Sootwater
Vapor Oxygen
Feed
Quenchwater
Syngas
Sootwater
Vapor Oxygen
15 gasifiers, plus H 2 , ACR, Soot Ash Removal, Sulfur Recovery and other unitsfor new grassroots refinery in Jazan, KSA
Latest Award
View of a tipical SulphurRecovery Unit
Gas to Market
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Processing 20 Integrated Natural Gas Complexes
Individual project values > 1 bn $
Designed and built > 200 process units
Abu Dhabi Gas Development Co.Shah Gas Development ProgramEPC Packages 2, 3, 5
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Gas to Market
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Onshore Transportation Systems - Pipelines
Hawiyah Gas Pipeline SystemSaudi Arabia
Kashagan - Caspian Sea NAOC GTS4 - Nigeria
Leading global E&C contractorfor oil and gas pipelines
30,000 km of oil & product pipelines40 pumping stations (~2,100 MW)
Over 60,000 km of gas pipelines> 90 compressor stations (~3,000 MW)
1,400 km of water pipelines11 Pumping Stations (~130 MW)
Alinta - Australia
BS 160 - KuwaitBS 171 - Kuwait
Topolobampo Gas PipelineTranscanadaMexico
South Caucasus PipelineAzerbaijan – Georgia,
Shas Deniz Consortium Water Pipeline System
160 km, reaching heights of 3,000 metresCODELCO, Chile
In Construction
Latest Award
Latest Award
Gas to Market
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Gas to MarketOffshore Pipeline Systems
Nord Stream Gas Pipeline – Baltic Sea1224 Km, 48’’
Leader in deepwater and shallow water pipelaying:laid over 35,000 km of sealinesDesigned and laid the most challenging offshore pipelinessince the 70sNumerous complex mega-projects under way in Brazil,Australia etc.New state-of-the-art, high productivity Castorone pipelayingvesselfor very large diameter pipes in sub-arctic conditions and in deep waters• Inpex - Ichthys LNG Project - Australia
(Picture of Castorone vessel that will performthe offshore activities)
Completedahead ofschedule in April 2012
Castoro 6On duty for Nord Stream
Saipem 7000
Installationunderway
Flagship Integrated Mega-project: Kashagan Experimental Program
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Major offshore and onshore integratedproject for the production of crude oil andassociated gas:
Kashagan Field
EPCI of trunklines and production flowlinesTransportation & installation of piles, flaresand modular units
Fabrication of structuresHook-up and commissioningDrilling of multiple wells from artificial islands
Developed locally purpose-built constructionfleet and unique taylor-made pipelayingtechniques and equipment
Two 95 kilometer pipelines, connectingD island in the Caspian Sea to the Karabatanonshore plant in Kazakhstan
Offshore artificial islands for drilling, process and utility
facilitiesOil and gas export systemNew onshore processing facility
Saipem’s scope:
Latest Award
Flagship Pipeline Integrated Mega-project: Sakhalin II
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Saipem main contractor - multibillion EPC contracts
Client: Sakhalin Energy Investment Co. (SEIC)
Very challenging logistics: Remote and inhospitable terrain T < -45 °C, frost Snow storms Mountains, slopes >15 °
Built over 5,000 km of temporary access roads
Start-up Dec. 2008 Shell CEO 2008Safety Award
Oil & gas twin 780 km land pipeline system Oil: 24” Gas: 48” > 80 MM construction man-hours Driven > 150 MMkm
Several segments of sealines and subseapower and communication cables
Offshore transportation and installation oftwo massive integrated platform decks
Gas to Market
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LNG – NG Liquefaction
1 st multi-billion $ contract as MainContractor to design and execute aworld class
4.7 MTPA LNG project
Arzew - LNG GL3Z - Algeria
NLNG, Bonny Island - Nigeria, Trains 1 ÷ 6 EPC / Train 7 PlusRasGas, Ras Laffan - Qatar EPCTrains 3 ÷ 5
To date, designed and built 9 otherLNG trains, 35 MTPA total capacity
Major synergies with Saipem’s long-standing experience andcapabilities in marine works andLNG tankage
Completing start-up
Several FEED and pre-EPC projectsunder way for major new projects inCanada, Mozambique etc.
Gas to Market
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LNG Import / Storage / Regasification
LNG Import TerminalChengtoujiao, Guangdong - China
Canaport LNG - Canada
Extensive proprietary technology
and expertise
Designed and built:
Pioneer in new technologies for treatment,storage, handling of liquefied gas
12 world scale LNG terminals More than 40 LNG tanks
LNG Import TerminalZeebrugge - Belgium
Fos CavaouMarseille - France
Polskie LNG TerminalSwinoujcie - Poland
Close toCompletion
Floating LNG – Regasification and Liquefaction
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First FSRU worldwide positioned offshore
Combining onshore and offshore engineering
and construction competencieswith the emerging conversion / new builtfloating LNG market
Several designs and FEED studies developedand under way
Significant R&D effort way
Broadwater FSRU, USA,pre-FEED and ITT preparation
Azure, Deepwater LNG FPSOfor mild environments, JointIndustry Project
Petrobras, LNG FPSO, FEED
OLT, FSRU Toscana, Italy
Floating Hose Development with Trelleborg
Gas to Market
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Gas-to-Liquids
Chevron Nigeria Ltd. - Escravos, Nigeria
Sasol process to produce premium dieselfrom natural gas
ATR - New Syngas production technology
from Haldor TopsoeMultibillion $ contract, in JV with KBR
One of three world scale GTL projects (34,000 bpsd)
Modules Fabrication in Abu Dhabi
Natural Gas + Steam
Oxygen
Syngas
Natural Gas + Steam
Oxygen
Syngas
Oxygen
SyngasGTL site - Nigeria GTL site - NigeriaModules shipmentSingle module Module loading
Gas to Market
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Omifco - Oman
Ammonia 2,194 t/dUrea 3,835 t/d
Engro Chemical Pakistan Ltd.Daharki - Pakistan
Ammonia 2 x 2,300 t/dUrea 3,850 t/d
Qafco-5 - Qatar
Snamprogetti ™ Urea Technology: More than 130 licenses world-wide
Designed and built more than 30 large
Ammonia/Urea complexes
World largest single train complexes: 3,850 t/d3 on stream2 in design and construction3 in design preparation
‘Jumbo’ single train - ready! >5,000 t/d
Ammonia – Urea Complexes
World largest complex in operation >5,000 t/d(2 trains):
Urea
Urea
Urea
Dangote Complex,Nigeria
Ammonia 2 x 2,200 t/dUrea 2 x 3,850 t/d
Ammonia 2 x 1,750 t/dUrea 2 x 2,530 t/d
Petrochemicals
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DushanziChinaEthylene
5 Ethylene13 HD/LLDPE
Univation Dow ExxonMobil
VersalisLummus Global
Engineered and built most advancedpetrochemical plants
Access to first class technologies
10 LDPE3 Styrene
RIO POLIMEROS, Rio de Janeiro - Brazil
Ethylene (520,000 t/y)LLDPE (2 x 250,000 t/y)
PetrochinaDushanzi Petrochemical Co.SSBR (100,000 t/y)SBS (80,000 t/y)
PE, Brindisi - ItalyUNIPOL™
Qatofin - QatarLLDPE (450,000 t/y)
Expansion of the Ethylene Propylene DieneMonomer plantVersalis, Ferrara, Italy
Latest Award
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Power Plants
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Designed and built over 10,000 MW(EPC basis)
Italy, France, Algeria, Nigeria
Ansaldo, GE, Alstom, Siemens turbines
Natural gas and syngas, combined andsingle cycle, combined heat and power,waste to energy
Ferrera Erbognone - Italy
Berrouaghia - Algeria Dombasle - FranceRavenna - Italy Okpai - Nigeria Afam - Nigeria
Infrastructure
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Milan-BolognaPo river crossing
Italian High Speed Railway System
Milan-Verona 112 km
Basic and Front End designs completed EPC started onMilan-Brescia stretch
Milan-Bologna 182 km
Main Contractor for Design and Construction(Single Contract > 6 B € )
Inaugurated in 2008
Calatravaroad bridge
Ruwais - Shah, Habshan (U.A.E.) 265 km
EPC Railway Track
Shah-Ruwais Railway track
Under Way
Environment & Renewables
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Business Line with core team ofdedicated specialists integrated intoglobal Saipem organization
Site RemediationPriolo - Italy
Full Environmental Services Provider: Contaminated sites remediation
Water and waste treatment plants and management
Ecology, monitoring and emissions abatement
Developing of new environmental andrenewable technologies and systems
CCS programs ElectrochemicalRemediaton Technology
Groundwater Treatment PlantPorto Torres - Italy
Physical Barriersat Porto Marghera - Italy
Marine Works
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Shore-line facilities for onshore projectsInnovative structures
Optimization of overall facilitieslayout
In-house specialist expertise:
Ports & Container Terminals Waterfront Developments
Jetties & Berths Breakwaters Oil & Gas Marine Structures
Recent awards:
Tangier HarbourMorocco
Costa AzulMexico
Guangdong LNG - China Callao ContainerTerminal, LimaPeru
Ammonia/Urea jetty, Arzew, Algeria (Sonatrach) LNG loading jetty, Barrow Island, Australia (Chevron) Bulk unloading and loading jetty, Sohar Port, Oman
Tangier II Port Project, Morocco (TMSA) Pointe Noire Container Quay, Republic of the Congo Puerto Nuevo Export Terminal, Colombia
Coastal Engineering Structural Design Hydraulic Testing Foundation Engineering Construction Methods
Melchorita LNGPeru
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Maintenance, Modifications & Operations
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Leverage on continuing in-country local presence
Global O&M Services around 3 main products:
1. Maintenance & Inspection Engineering CMMS, Assets register, RCM, RBI Spare parts management Training services Special studies
3. Modifications & Turnaround Projects Project management
Engineering & procurement services Fabrication support from local yards Installation capabilities
2. Operations & Maintenance Long-TermContracts
Technical expertise
QHSE continuous improvement plans On-the-job training programs Local content and nationalization
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