Saipem SpA SAPMY

Company Overview

Saipem SpA is an Italian engineering, procurement, construction, and installation (EPCI) company operating primarily in the energy infrastructure and offshore engineering industries. The company designs and executes large-scale projects for oil & gas, offshore wind, carbon capture, and industrial infrastructure, serving national oil companies, international energy majors, and utilities. Its core revenue drivers include offshore and onshore EPCI contracts, subsea engineering, and specialized construction services for complex energy developments.

Saipem traces its origins to 1957 and was historically part of the Eni group, evolving into a globally recognized contractor for technologically challenging projects. Over time, it expanded from traditional hydrocarbons into renewable energy infrastructure and low‑carbon solutions, repositioning itself as an engineering partner for the global energy transition while retaining deep expertise in offshore and subsea environments.