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SAIPEM CONTRACTING NIGERIA LIMITED

1950 | Nigeria | Above 10,000 Employees

https://careerslip.com/saipem-contracting-nigeria-limited94

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About SAIPEM CONTRACTING NIGERIA LIMITED

Saipem is one of the worldwide leaders in the
oil & gas contracting services sector, both
onshore and offshore.
The Company began operations in the ’50s.
During the ’50s and ’60s it accumulated
competencies in onshore pipelaying, plant
construction and drilling, operating initially as a
division of Eni and then on a stand-alone basis,
becoming definitively autonomous in 1969.
Offshore operations commenced in the
Mediterranean in the early '60s and expanded to
the North Sea in 1972.
The Company started offering its services to
customers outside the Eni group in the early
‘60s and progressively widened its customer
base to include almost all the supermajors,
majors, major nationals and independent oil &
gas companies worldwide.
At the end of the ‘90s with the migration of the
business towards deepwater and developing
countries, Saipem has carried out an investment
plan in order to adjust the capacity of its own
naval assets to the ever challenging market
conditions. The primary areas of investment
include deepwater drilling, deep water field
development, pipelay, leased floating production
storage and offloading (fpso), and subsea
robotics.
Saipem has led the trend in boosting local
content by developing impressive facilities in
West Africa and the FSU and in the Middle East
by employing a large number of local workers
with no equal in the industry. While developing
the fleet and the local content, the Company
started to reinforce its engineering & project
management capabilities to cope with the other
important market trend towards large integrated
EPCI and EPC projects at first in the offshore
activities and later on in the onshore activities.
Onshore this was achieved principally through a
number of acquisitions, culminating in the
acquisition of Bouygues Offshore in 2002. This
was the largest cross-border acquisition in
Europe in the oil services sector. Subsequently
responding to the recent industry trend towards
large onshore EPC projects, including those
related to gas monetization, exploitation of
difficult oil (heavy oil, tar sands, etc.), and in
order to strengthen its position in the Middle
East and its national oil company client base, in
2006 Saipem acquired Snamprogetti, one of the
major engineering and construction companies
active in the international market in the design
and execution of large onshore projects for the
production and treatment of hydrocarbons and
natural gas monetization.
The result has been the creation of an
exceptional contractor with a strong bias
towards oil & gas related activities in remote
areas and deepwater, a leader in the provision
of engineering, procurement, project
management and construction services with
distinctive capabilities in the design and the
execution of large-scale offshore and onshore
projects, also with high technological
competences such as gas monetization and
heavy oil exploitation.
Saipem has recently carried out an important
investment programme started in 2006 aimed at
reinforcing and expanding its drilling and
construction fleet and other assets required by
projects to back up the local content and in
particular state-of-the-art advanced assets
designed to meet the challenges of the
production and transportation of hydrocarbons in
ultra deep waters and in frontier areas.
Saipem has been listed on the Milan Stock
Exchange since 1984 (having previously been a
wholly owned subsidiary of Eni).
MISSION
We approach each challenge with innovative,
reliable and secure solutions to meet the needs
of our clients. Through multicultural working
groups we are able to provide sustainable
development for our company and for the
communities in which we operate
Careerslip Reserve Vault

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