Saipem Spa San Donato ADR (SAPMF)

[SaltyMutt]

SAPMY

Company Background

Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater. It supplies engineering, procurement, project management and construction services with the design and the execution of offshore and onshore projects. It is organized into two business units: Engineering & Construction and Drilling. The Engineering & Construction business unit operates both onshore and offshore. The offshore activities include platforms, marine terminals, pipelines and the development of deepwater fields. The onshore activities focus on the laying of pipelines and installation of plant and equipment. The Company also provides Engineering, Procurement, Construction and Installation services to the oil industry. The Drilling business unit carries out drilling programs in the onshore and offshore environments globally. In December 2013, the Company sold the entire share capital of Floaters SpA and Firenze FPSO business line to Eni SpA.

http://www.saipem.com