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A Leading Oil & Gas Services Provider

September 2015

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

Saipem: A Leading Oil & Gas Services Provider

Saipem Today: A Major Multicultural E&C & Drilling Contractor


Operating in more than 60 countries
~ 46,000 employees from >130 nationalities
29 engineering and project execution centers worldwide
11 fabrication yards in 5 continents
Drill Ship

LNG Carrier

Oil & Gas


Production

LNG
Regasification

Gas Liquefaction
Plant

FSRU
Pipelayer
Refinery

Compressor
Station

FPSO
Power

Drilling Rig
Gas-to-Solids
Semisubmersible
Pipelay Vessel

Pipelaying

Field
Development Ship
Petrochemicals
Plant

Heavylift
Semisubmersible
Drilling Rig

Yard

Subsea Construction
Vessel

ROV
Remotely Operated Vehicle
Sircos - Pipeline
Repair System

Beluga - Deepwater
Trenching Machine

Saipem: A Leading Oil & Gas Services Provider

REVENUES
2014
2015 guidance

12.9 B
~12
B

BACKLOG
June 30, 2015

19.0 B
3

A Leading Global EP(I)C General Contractor


Engineering & Construction
Full service EP(I)C provider
Distinctive frontier focus in
Oil & Gas industries
Most modern, technologically
advanced offshore construction fleet
BUs Offshore, Onshore, Floaters

Drilling
High quality player onshore
and in niches offshore

Saipem: A Leading Oil & Gas Services Provider

An impressive track record over more than 60 years

Engineering & Construction


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 100
offshore EPIC projects,
including groundbreaking deepwater
achievements
Drilling
Drilled over 7,300 wells,
of which 1,800 offshore

Saipem: A Leading Oil & Gas Services Provider

Global Presence with a Multilocal Emphasis

Paris
Rome

(1/2)

Milan
Fano

Chennai

EP(I)C Hubs
Engineering Centres
Yards & Main Logistic Bases
Other Main Areas and Rep. Offices

Saipem: A Leading Oil & Gas Services Provider

Global Presence with a Multilocal Emphasis

(2/2)

Human Resources

46,277 employees of 130 nationalities()

() 31st August, 2015


Saipem: A Leading Oil & Gas Services Provider

HSEQ Top Saipem Priority


LTI & TRI Frequency Rate 1999 2014

Company performance 1999 2014

350

300

5,000

250

4,000
200
3,000

million hours worked

LTI and TRI Frequency Rates

6,000

150

2,000
100

1,09
1,000

50

0.28
,000

Worked Manhours

LTI Frequency Rate

TRI Frequency Rate

- Lost Time Frequency Rate is the ratio between number of incidents with loss of working days and
total worked manhours (x 1.000.000)
- Total Recordable Incidents Frequency Rate is the ratio between number of total recordable incident and
total worked manhours (x 1.000.000)

Saipem: A Leading Oil & Gas Services Provider

Moving to the next safety plateau

Saipems non-profit organization,


to sponsor HSE studies, training
programs, educational campaigns, etc.
Results and methodologies available to
the industry

Saipem: A Leading Oil & Gas Services Provider

Choose Life campaign


A campaign design to provoke Healthy Choices, specifically targeting 3 of the
critical health challenges facing a globally operating company today

Lifestyle
Transmitable deseases
Malaria

478 events
7 953 partecipants(*)

(*) June 30, 2015


Saipem: A Leading Oil & Gas Services Provider

10

Saipem Businesses and BUs

Offshore

BU

Onshore

BU

Floaters

BU

Drilling

Onshore

Offshore

Engineering & Construction

BU

Saipem: A Leading Oil & Gas Services Provider

11

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

Saipem: A Leading Oil & Gas Services Provider

12

Saipem E&C: Complete Range of EPC/EPIC Services

PROJECT MANAGEMENT

FEASIBILITY
STUDIES

PROJECT
DEFINITION

TECHNOLOGY
LICENSES

BASIC DESIGN
FRONT END

ENGINEERING,
PROCUREMENT,
INSTALLATION,
CONSTRUCTION

START-UP AND
COMMISSIONING
LEASE
AND OPERATE
MAINTAIN
AND OPERATE

REVAMPS,
UPGRADES,
MODERNIZATION
DECOMMISSIONING
ENV. REMEDIATION

SAFETY, QUALITY MANAGEMENT

Saipem: A Leading Oil & Gas Services Provider

13

Saipem E&C: Complete Range of EPC/EPIC Services

Targeting even
the most challenging
and technologically
advanced projects,
offshore and onshore

Emphasis
on maximizing
local presence
and content

Superior capabilities
for harsh, remote
and difficult
environments

Saipem: A Leading Oil & Gas Services Provider

Customized project
and contracting solutions
EPC, LSTK, EPIC, T&I,
Cost-plus, Convertible,
Lease & Operate

14

Saipem Business Model

Supply of complex solutions for even the largest and most challenging projects

State-of-the-art
know-how
and top quality
engineering

High-tech fleet,
unique in global
markets

STRONG
PROJECT
MANAGEMENT

Broad, well-rooted,
sustainable presence
in strategic markets
worldwide

Maximum emphasis on Healthcare,


Safety, Environmental and Quality
values and culture

Saipem: A Leading Oil & Gas Services Provider

15

Saipem in Drilling
International drilling contractor operating both offshore and onshore

13th
2nd

largest contractor in offshore drilling,


largest contractor in onshore drilling international markets

member of

Specialization in deep water, harsh environments and remote areas

Offshore positioning

Onshore positioning

(total world*: 751 units, Apr. 15)

(total international markets*: 938 units, workover


excluded, Mar. 15)

*drillships, semisubs and jackups

*excluding North America, China and Russia

() 30th June, 2015


Saipem: A Leading Oil & Gas Services Provider

16

Saipems Assets: Major Engineering Centres


Saipem
(Milan Italy)

Saipem
(Paris France)

Saipem
(Rome Italy)

Saipem
(Fano Italy)

Saipem India Projects


(Chennai India)

Saipem Canada
(Calgary - Canada)

EP(I)C HUBS
ENGINEERING CENTRES

Moss Maritime
(Oslo - Norway)

Snamprogetti Romania
(Bucharest - Romania)

Xodus Subsea
(London UK and
> 10 other locations)

Snamprogetti
Engineering & Contracting
(Al-Khobar - Saudi Arabia)
Sofresid
(Regional Offices - France)

Saipem India Projects


(New Delhi - India)
Saimexicana
(Mexico City - Mexico)
Saipem
(Rijeka - Croatia)

Saipem do Brasil
(Rio de Janeiro - Brazil)

Saipem Contracting
Algrie
(Algiers - Algeria)

Saipem Indonesia
(Jakarta - Indonesia)

SA.LI.CO.
(Tripoli - Libya)

Saipem
(Vibo - Italy)

Deepwater Engineering
and Technology
(Luanda - Angola)

Saipem: A Leading Oil & Gas Services Provider

Saipem Contracting
(Nigeria)
(Lagos - Nigeria)

Saipem
(Sharjah - UAE)

17

E&C Typical Project Execution Strategy


PROJECT
Complexity
Size
Major Centre
leadership
on
large complex
projects

Major EP(I)C Hubs


Saipem
(Milan Italy)

Saipem
(Paris France)

Saipem

Saipem

(Rome Italy)

(Fano Italy)

Guidance

Saipem India
Projects
(Chennai India)

EP(I)C HUBS
ENGINEERING CENTERS

Subcontracting

Regional Engineering Centres


Local
leadership
on
small/medium
projects

Saipem: A Leading Oil & Gas Services Provider

18

Saipems Assets: Fabrication Yards

(*)

Edmonton Yards - Canada

Kurik Yard, Kazakhstan


Edmonton Yards - Canada

Kuryk Yard - Kazakhstan


Arbatax Yard - Italy
Rumaila Yard - Iraq
Dammam Yard - Saudi Arabia

Rumuolumeni Yard - Nigeria

Karimun Yard - Indonesia

Pointe-Noire Yard - Republic of the Congo


Soyo Yard - Angola
Ambriz Yard - Angola

Guaruj Yard - Brazil

Karimun Yard, Indonesia


Guaruj Yard
Brazil

Rumuolumeni Yard
Port Harcourt, Nigeria

Ambriz Yard,
Angola

Soyo Yard,
Angola
(*) Construction support facilities worldwide not included

Saipem: A Leading Oil & Gas Services Provider

19

Saipems Assets: Offshore Construction Vessels


Our offshore fleet exceeds 40 units
Ultra-Heavy Lifting
& Deepwater Pipelaying

Field Development / SURF


Lifting and DLB
Under
construction

Normand Maximus

Saipem 7000

Saipem FDS

Saipem 3000

Castoro Otto

Saipem FDS 2

Pipelaying

Castorone

Castoro Sei

Castoro 10

Saipem: A Leading Oil & Gas Services Provider

Castoro XI

20

Saipems Assets: Drilling Units


17 offshore units and more than 100 onshore rigs
Deep Water

Saipem 12000
Angola

Saipem 10000
Mozambique

Scarabeo 9
Angola

Scarabeo 8
Norway North Sea

Onshore

Scarabeo 5
Norway North Sea

Jack-Up

Perro Negro 8
Italy
Desert Environment
Algeria/Saudi Arabia

Kashagan Field - Kazakhstan

Heliportable Rig Ecuador/Per


Perro Negro 7
Saudi Arabia
Saipem: A Leading Oil & Gas Services Provider

21

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

Saipem: A Leading Oil & Gas Services Provider

22

Saipem Ownership

Market Cap. 3.9 Billion


@ December 31, 2014
Listed on Milan Stock Exchange

Saipem: A Leading Oil & Gas Services Provider

23

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

Saipem: A Leading Oil & Gas Services Provider

24

Financials (B)
NEW CONTRACT
ACQUISITIONS

REVENUES

BACKLOG

22.1
20.5 20.4
19.1

1.1

19.7
2.9

18.7

1.1

1.5

3.4

3.3

17.1

0.9
3.2

0.7

15.4

11.2

0.47

9.3
0.3
0,4

10.1 10.3
0.4
0.5

0.6
0.6

12.3

1.1
0.8

0.8

12.9
11.9

0.7
1.2

10.7
0.3

0.8

0.8

9.9

1.6

4.8
5.3

3.9
3.2

4.3

10.7

5.0

0.9

8.0

11.2

9.2

1.4

8.3

2.6

5.4

6.6
5.5

5.8

6.1

5.4

3.5

1.0

0.1
0.4 0.2

5.1
3.7

9.3

8.7

7.1

7.5

4.6

4.4

3.5

9.6

10.0

3.7

4.5

6.1

6.7
10.5

2.3

0.8

4.0

0.4
0,5
5.3

1.0

3.4

7.5

4.5
7.2

5.4

0.6

12.9
0.4

6.1

5.2

5.1

0.9

7.7
6.1

5,1

5.1

13.4
12.5

0.6

6.2

6.7

4.1

0.6

3.8

0.3
0.4

0.3
0.3

0.6

2.2

6.0

12.9

1.2

1.2

0.7

7.3

3.5

0.7

0.8

3.8
3.4

13.9

13.4
12.6

2.5

1.2
3.8

0.7

6.4

19.0
1.1

1.5

18.0

0.9

1.4

4.7
4.2

4.2

2006

2007

3.5

3.4

2.7

2006

2007

2008

2009

2010

2011

2012

2013

2014 1HF15

2006

2007

2008

2009

2010

2011

2012

2013

2014 1HF15

Saipem: A Leading Oil & Gas Services Provider

2008

2009

2010

2011

2012

2013

2014 1HF15

25

Major Global E&C Companies in Oil & Gas Markets


Revenues in 2014 (B )

Saipem: A Leading Oil & Gas Services Provider

26

Balanced Exposure to Oil & Gas Industry: Backlog Analysis


TOTAL BACKLOG AS OF December 31, 2014 = 22.1 B

BY GEOGRAPHIC
AREA

1%

BY
CLIENT
24%

18%

BY COUNTRY WITH MAJOR


LOCAL-CONTENT FOCUS
6%
9%

44%

25%
30%

19%
6%

8%

Middle East
America
Europe
Asia Pacific

West Africa
North Africa
CIS

13%

1%
36%

3%

48%
5%

4%

Saudi Arabia
Brazil
Nigeria
Angola
Canada
Kazakhstan
Other

Saipem: A Leading Oil & Gas Services Provider

National
Majors/Supermajors
Independents
Others

27

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

Saipem: A Leading Oil & Gas Services Provider

28

Company Organization
BOARD OF DIRECTORS

Chairman
P. A. COLOMBO

Chief Executive
Officer (CEO)

Internal Audit

S. CAO

L. SIRI

Chief Operating
Officer (COO)

Chief Financial
and Compliance
Officer (CFCO)

G. CASELLI

A. CHIARINI

Human Resources,
Organisation
and Services
for Personnel

Integrated
Risk Management

Procurement,
Contract and
Industrial Risk
Management

D. GALLINARI

A. RIVA

P. FORMICA

Quality
A. CAREDDU

Business
and Technology
Development

Public Affairs and


Communication

Health, Safety,
Environment
and Sustainability

D. BRKIC

C. PALLADINO

A. FORZAN

Saipem: A Leading Oil & Gas Services Provider

29

Saipem Operations
COO
G. CASELLI

COO

BU
Onshore
E. MAGNANI

BU
Offshore
S. PORCARI

Europe &
North Africa

C.I.S. & Caspian Sea

J. L. CHASSAGNE

a.i. G. CASELLI

Central Africa

Southern Africa

G. DALOISIO

L. FURINI

Office

Project and Post


Order
Management
A. GEBBIA

Engineering,
Technologies &
Commissioning
A. CIPELLI

BU
Floaters

Middle East

South East Asia


& Oceania

F. PALLAVICINI

G. SECCHI

G. MARTELLI

P. BARCLAY

E&C
Tendering
M. PANTALEONE

BU
Drilling

North America

South America

E. PALLIOTTO

V. TESTAGUZZA

L. CATTEDRI

Saipem: A Leading Oil & Gas Services Provider

30

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

Saipem: A Leading Oil & Gas Services Provider

31

Local Content Maximization


A cornerstone of Saipems business philosophy
Creation of long-term social and
economic value

Development of local skills

Effective engagement of
all stakeholders

Develop/invest in local

project execution centres


Engineering
Project Management
Prefabrication Yards
Procurement and Subcontracts
with Local Suppliers

Local hiring
Training, know-how transfer
Local partnerships
HSE, medical training
and assistance

Objective: deeply rooted local sustainable presence

Saipem: A Leading Oil & Gas Services Provider

32

Local Presence: Saipem in Nigeria - Since the 1960s


EP(I)C contracts with as many local resources as possible

Employees

In construction

Personnel employed by Saipem in Nigeria

Egina Field Development- Total Upstream Nigeria Ltd.


In construction

15.4 Km
16.4 Km

17.4 Km

Tunu: site camp

Rumuolumeni Base, Saipem prefabrication and


construction support yard at Port Harcourt

Okwori Field
Development
Scarabeo 3 - Addax

Southern Swamp
AG Solution
SPDC

Saipem: A Leading Oil & Gas Services Provider

33

Local Presence: Saipem in Canada


Full service project execution centre, with international reach
Upstream
Pipelines
Refining
Oil sands processing

Shale gas

Business model based on EPC


Innovative contractual and risk management schemes, new for the
Canadian market

Mastered exacting local project execution requirements


Climate impact
Modularization
Pioneered new entry mechanisms for foreign labor
Completed own prefabrication yards

The only real local EPC contractor in Alberta,


with full control of the entire work sequence and risk assumption
Saipem: A Leading Oil & Gas Services Provider

34

Local Presence: Saipem in Iraq


Sajer, a JV with local partners, registered
in Iraq since 2009

Sajer Assets:
Baghdad Head Office (Int. Zone)
Rumailah: Camp, Logistics Base, Prefab Yard,
Training Centre, Laydown Yard, Batching Plant
Sharing people and assets with Saipem ME facilities

Numerous projects under way


Central Metering and Manifold Platform Loadout
Iraq Crude Oil Export Expansion Project, South Oil Company

Iraq Crude Oil Export Expansion Project Phase 2, Basra Oil


Terminal, South Oil Company
4 EPC contracts for water treatment, processing plants and
pipelines for ExxonMobil Iraq Ltd.
In execution

Umm Qasr Marine Terminal rehabilitation, Inlet Booster


Compression Station, FCP Majnoon and other projects for
Shell/Basra Gas Company
In execution

Drilling Operations
Rumailah Camp Facilities

Technical service agreement to support Iraqi drilling company

Saipem: A Leading Oil & Gas Services Provider

35

Local Presence: Saipem in Brazil


EPIC contracts for the Lula Norte,
Sul and Extremo Sul Projects

From occasional contractor to


permanent player
8 major deepwater EPIC projects underway
One Leased FPSO in operation offshore
Vitoria
3 rigs deployed for onshore drilling

Application of highly specialized


ultra-deep water fleet

Lula Extremo Sul Project

Rio Engineering Centre

New flagship Saipem FDS 2 vessel,


ideally suited for Pre-Salt ultra-deepwater project execution

FPSO Cidade de Vitoria

Developing new Guaruj Yard and Engineering


Centre in Rio

Guaruj Yard

Within the industrial hub of Santos, the largest port and


industrial area in Brazil
Strategically located to support development of new ultra-deep
water Pre-Salt fields
Rio Polimeros Chemical
Complex (completed in 2005)

Guara & Lula NE Pipelines


Lula NE Cernambi

Fabrication of subsea and floating structures and supply of


support services to the specialized fleet and project execution

(Picture of Saipem FDS 2 vessel that will


perform the offshore activities)

Saipem: A Leading Oil & Gas Services Provider

36

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

Saipem: A Leading Oil & Gas Services Provider

37

Saipem Strategy
Excel in all steps of the oil & gas value chain, onshore and offshore, upstream and downstream,
as well as in selected diversified businesses

OIL & GAS


PRODUCTION
AND PROCESSING

OIL

PIPELINES

DRILLING

DOWNSTREAM

OIL REFINING

IGCC

GAS
LIQUEFACTION

LNG
REGASIFICATION

GAS-TO-LIQUIDS

POWER

GAS-TO-SOLIDS

PETROCHEMICALS

UPSTREAM
ONSHORE

OFFSHORE FIXED
FACILITIES

GAS

OFFSHORE

SUBSEA FIELD
DEVELOPMENT
FLOATERS

INDUSTRIAL

MARITIME
WORKS

INFRASTRUCTURES

ENVIRONMENT
& RENEWABLES

Saipem: A Leading Oil & Gas Services Provider

MAINTENANCE
& OPERATIONS

38

Advanced Subsea, Offshore and Onshore Technology Development


Subsea Field Architectures
SURF

FLNG tandem
offloading system

SIR Riser

Riser concepts : SIR, BIRD,


Forged ends PIP
Plastic liners : FBJ
Active heating for pipe in pipe
Welding

Subsea Processing
SpoolSep

Flowlines with PiP, heating,


liners,

Multipipe

Floaters

SPRINGS

Gas/liquid separation : Multipipe


Liquid/Liquid separation : SpoolSep
Seawater treatment: SPRINGS

Offshore LNG offloading


FLNG technologies
Dry tree Unit (WHB)

Advanced Welding & Pipelaying


Techniques

Ultra-shallow, ultra-deep, Arctic pipelaying


Productivity acceleration
Exotic and clad materials

Process Technologies
SpoolSep

Multipipe

FLNG facility

Saipem: A Leading Oil & Gas Services Provider

"Zero emissions" urea synthesis


Environment and remediation control

39

Mega-projects Under Way, Onshore

Khurais, Mazajili and Abu Jifan production centers expansion


Saudi Aramco, Saudi Arabia (Pictured: Khurais Field Development Project)

Socar & Turcas Aegean Rafineri Turkey (Vision 2023)


Jazan Refinery Pckgs 1&2,
Saudi Aramco, Saudi Arabia
Al-Zour New Refinery Project (NRP) Pckgs 4 & 5,
KNPC, Kuwait
Phase III

Chevron, LNG Loading Jetty Fertilizer Complex


Gorgon - Australia
Dangote Fertilizer Ltd.,
Nigeria
EPDM Rubber Plant
Versalis, Italy

Tunu

Okupushi

Benisede

Ogbotobo

Southern Swamp
Shedgum-Yanbu Pipeline, CNRL Horizon Secondary
Saudi Aramco, Saudi Arabia Upgrader, Phases II and III Associated Gas Solution
SPDC
South Caucasus Pipeline,
- Canada(Picture of CNRL Phase I)
Nigeria
Azerbaijan Georgia
Pipeline El Encino, Mexico
Water Pipeline System - Chile

Saipem: A Leading Oil & Gas Services Provider

40

Major EPC Projects Under Way, Onshore


High Speed Railway
RFI
Italy

Regasification Terminal
Polskie LNG Company
Poland

South Caucasus Pipeline Expansion


Shah Deniz Consortium
Azerbaijan-Georgia

STAR Rafineri A.S.


Grassroots Refinery
Turkey

West Qurna
ExxonMobil
Iraq

Zubair Gathering System


ExxonMobil
Iraq

EPDM rubber plant expansion


VERSALIS
Italy

Al-Zour New Refinery Project (NRP)


Packages 4 and 5
KNPC
Kuwait

Horizon Oil Sands


Canadian National Resources Ltd.
Canada

Rabigh II Complex
Saudi Aramco/Sumitomo
Saudi Arabia

Topolobampo Gas Pipeline


Transcanada
Mexico

Shedgum Yanbu Pipeline Loop 4&5


Saudi Aramco
Saudi Arabia
Pipeline El Encino,
Transcanada
Mexico

Jazan Refinery, Packg.s 1 and 2


Saudi Aramco
Saudi Arabia

Water Pipeline System


CODELCO
Chile

Shell Petroleum Development


Otumara-Saghara-Escravos
Gas Pipeline
Nigeria

Khurais Mazalij and Abu Jafan fields


New facilities
Saudi Aramco
Saudi Arabia

SSAGS Facilities
SPDC
Nigeria

Ammonia and Urea


production complex
Dangote Fertilizer Ltd
Nigeria

Litchendjili Gas Treatment Plant


Eni Congo
Congo

LNG GL3Z Arzew


Sonatrach
Algeria

Shah Gas Development Project


Abu Dhabi Gas Devel. Co. Ltd.
United Arab Emirates

0615

Saipem: A Leading Oil & Gas Services Provider

41

Mega-projects Under Way, Offshore and Floaters


Petrobras, Brazil
Pre-salt Projects

Lula Norte, Lula Sul, and Sapinhoa Norte and Cernambi Sul
Lula Extremo Sul Pipelines Guara & Lula NE Export Pipelinesand Riser Systems
Brazil (Pictured)
P55 Brazil (Pictured)
Recently
awarded

Two FPSOs for Kaombo - Field Dev. Project, Block 32


Total, Angola

Egina Field Development,


Total, Nigeria

Just
awarded

Shah Deniz Stage 2,


BP Exploration, Azerbaijan
First Deepwater
Field Developed in the
South China Sea

Castoro
Otto

FPU for Jangkrik


Complex Project Dev.
Eni M.B., Indonesia

Al Wasit Gas Program


Saudi Arabia
New offshore structures
(Part of Long Term Agreement)
Saudi Arabia

Ichthys Gas Export


Pipeline
Australia

Saipem: A Leading Oil & Gas Services Provider

Liwan 3-1 Field - China

(Picture of the Saipem FDS 2 vessel that


will perform the offshore activities)

42

Major EPIC and T&I Projects Under Way, Offshore and Floaters
Lakach field development
Pemex
Mexico

Various platform and pipeline installations


North Sea

Filanovsky Field
Export pipelines and T&I activities
Lukoil
Russia

Kashagan field Pipeline Installation


North Caspian Operating Company
Kazakhstan

Shah Deniz Stage 2


BP
Azerbaijan
Lula Norte, Lula Sul and
Lula Extremo Sul project
Petrobras
Brazil

Al Wasit Gas Program


Arabiyah and Hasbah fields development
Saudi Aramco
Saudi Arabia

Long Term Agreement


Offshore Maintain Potential Program
Saudi Aramco
Saudi Arabia

FPSO Cidade de Vitoria


Petrobras
Brazil
(Leased - in operation)

New Offshore Structures


Saudi Aramco
Saudi Arabia

FPU for Jangkrik Complex Project


Eni Muarau Bakau
Indonesia

Sapinhoa Norte and Cernambi Sul


SLWR and FSHR
Petrobras
Brazil

Ichthys Gas Export Pipeline


INPEX
Australia

Sapinhoa Norte and Iracema Sul Project


Petrobras
Brazil

Egina Field Development


Total
Nigeria

FPSO Gimboa
Sonangol
Angola
(Leased - in operation)

FPSO Units for


Kaombo Field Dev.
Total
Angola

Kizomba Satellites Phase 2 Tiebacks


Esso
Angola

0615

Saipem: A Leading Oil & Gas Services Provider

43

Saipem Drilling Business Unit: Key Utilization Data

% of utilization

% of utilization

offshore drilling

onshore drilling

100%

100%

90%

90%

80%

80%

70%

70%

60%

60%

'09

'10

'11

'12

'13

'14

'09

'10

'11

'12

'13

deep water floaters

high specs jackups

heavy rigs

light rigs

mid water floaters

standard jackups

medium rigs

all fleet

'14

tender assisted

Utilization rate significantly higher than the average of competitors

Saipem: A Leading Oil & Gas Services Provider

44

Saipem Offshore Drilling Fleet Deployment

(July 2015)

Scarabeo 8
(6nd gen semi)

Scarabeo 5
(4nd gen semi)
S10000
(drillship)

Scarabeo 4
(2nd gen semi)

Scarabeo 6
(3nd gen semi)
Perro Negro 2 - 3 - 5

Perro Negro 4

Perro Negro 7 - 8

Scarabeo 3
(2nd gen semi)

Deep Water Floaters

TAD
Scarabeo 9
(6th gen semi)

Mid Water Floaters


High Specs Jackups

Scarabeo 7
(5th gen semi)

S12000
(drillship)

Standard Jackups
Tender Assisted
Logistic Bases

Saipem: A Leading Oil & Gas Services Provider

45

Saipem Onshore Drilling Rigs Deployment

(June 2015)

Kazakhstan
8 RIGS
Italy
2 RIG

Colombia
7 RIGS
Ecuador
3 RIGS
Peru
24 RIGS

Venezuela
28 RIGS

Mauritania
1 RIG

Tunisia
1 RIG

Turkmenistan
1 RIG
Saudi Arabia
28 RIGS

Congo
2 RIGS

Bolivia
4 RIGS

Chile
2 RIGS

Saipem: A Leading Oil & Gas Services Provider

46

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

Saipem: A Leading Oil & Gas Services Provider

47

Mega Oil Projects Upstream


Saudi Aramco, K.S.A.
Flagship projects to bring huge new gas
and oil production capacity on stream
quickly
Individual project values: > 2 bn $ each
Last years total awards: > 12 bn $
New Convertible contract structures:
FEED
(Cost-plus)

EPC
(Lump Sum)

With pre-agreed formulae

Khurais Oil Field: Saipem awarded 60%


of total investment

Source: Saudi Aramco (2007)

Qatif
Central Producing
Facilities

Khursaniyah
Processing
Facilities

Khurais WIPS

Qurayyah Sea
Water Treatment

Khurais Utilities
Package

Saipem: A Leading Oil & Gas Services Provider

Manifa Central
Processing
Facilities

48

Other Recent Large Oil & Gas Production Project Awards

Khurais, Mazajili and Abu Jifan production centers expansion


Saudi Aramco, Saudi Arabia
(Pictured: Khurais Field Development Project)

SPDC, Delta State, Nigeria

Southern Swamp Associated Gas Solution

Recently
awarded

In
progress

15.4 Km
16.4 Km

17.4 Km

Tunu: site camp

Saipem: A Leading Oil & Gas Services Provider

49

Floating Oil and Gas Production


Latest Award

Designed and completed:


9 new built floating production systems,
including 3 large scale projects with storage
capacity exceeding 2 million barrels of oil
6 converted FPSOs under Lease & Operate
contracts (3 in operation)

Continuously developing new concepts


and top quality
engineering services,
including the design
of more
than 20 semisubmersible units.

FPU for Jangkrik Complex Project


Eni Muara Bakau
Indonesia

Latest Award

Two FPSOs for Kaombo


Field Development Project,
Total, Angola

Total, Dalia FPSO, Angola

Saipem: A Leading Oil & Gas Services Provider

ExxonMobil, Erha
FPSO, Nigeria

50

Complex Integrated Offshore Fixed Facilities


Completed more than 100 offshore EPIC projects
over the last ten years, including several
challenging large-scale integrated complexes

EPIC flagship projects:


Bahr Essalam Full Field Development:

Gathering sealines, export trunklines, subsea production


system, production platform

Al Wasit Field Development:

Close to
completion

Complete system, including 12 wellheads, 2 tie-in and 1


injection platforms, 200 km export trunkline offshore, 120 km
onshore pipeline, service pipelines and sealines, marine works

Shah Deniz Stage 2

T&I of jackets, topsides and subsea production systems and


subsea structures; laying of over 360 km of pipelines; diving
support services; upgrading of main installation vessels

BP, Shah Deniz Field (general layout), Azerbaijan

Latest
Award

Under
Execution

South Oil Company, Iraq


Crude Oil Export Expansion
Project, Phase 2

Saudi Aramco, Saudi Arabia,


Al Wasit Gas Program

Agip Gas B.V., Libya


Bahr Essalam Full Field Development

(Picture of Castoro otto installing similar platform)

Saipem: A Leading Oil & Gas Services Provider

51

Platforms Installation

Saipem 7000 installing platform accommodation module

Sakhalin Island, Russia, integrated deck floatover installation

Installed 2.5 million tons of offshore structures

Heaviest lift record: 12,100 t integrated deck


Floatover and heavy lift techniques
Jacket launch

Saipem: A Leading Oil & Gas Services Provider

52

Subsea Deepwater Field Development


Under
Execution

Elf Petroleum Nigeria, Usan, Nigeria


EPCI of subsea system connecting
42 wellheads to FPSO, with export sealines

Egina Field Development - Nigeria

Currently
Under
Execution

Designed and executed more than 20 major


deepwater systems in the last ten years
Numerous high technology proprietary
solutions available for risers and flowlines
Under way:

Gazprom, Sakhalin 3, Russia


(*)

Not deepwater

Burullus Gas Company,


West Delta Deep Marine Project,
Egypt
(Picture of Saipem FDS operations in Egyptian waters)

Egina Field Development,

for Total Upstream Nigeria Ltd.


EPIC Contract for Umbilicals,
Flowlines and Riser System

Sapinhoa Norte and Cernambi Sul Project

for Petrobas EPIC contract for Steel Lazy


Wave Riser and Free Standing Hybrid Riser for the gas export systems

Saipem: A Leading Oil & Gas Services Provider

53

Sonsub Remote Subsea Technologies


Full service deepwater intervention capabilities:

Construction Services
Diverless Tie-in and Pipeline Repair Systems
Diving Operations
Specialist Tooling & Engineering
Survey & Positioning Services
Dedicated fleet of 11 Construction Support Vessels
and Several ROVs

More than 200 subsea inspection, maintenance,


repair and support services completed world-wide
in the last 20 years
Deepest recovery operation of oil from tanker
at 3,850 m water depth (Repsol, Prestige)

Deepwater sealine repair system

Bar Protector
Dive support and
construction vessel

Saipem: A Leading Oil & Gas Services Provider

Innovator 250
Heavy duty ROV

Repsol, Spain, Prestige


Deepwater oil recovery

54

Refining and Heavy Oils Conversion


World-wide track record
37 grass-roots refineries

In the last decade, emphasis on

Bottoms-of-the-Barrel upgrading
30 hydrocrackers, H-Oil and LC Finers

Recent focus:
EST First Commercial Unit for Eni R&M
Staatsolie, Suriname, refinery expansion (modular)
2 desulfurization and amine units for

Pemex - Refinacion, Mexico

In
Execution
In
Execution

CNRL - Canada

In
Execution
In
Execution

Canadian projects

CNRL Horizon Upgrader Phases II and III - FEED and EPC

Reformer and Aromatics Complex


for Saudi Aramco/Sumitomo - Rabigh II, Saudi Arabia
Aegean Refinery Project
212,000 BPSD Grassroots Refinery Aliaga, Turkey

Jazan IGCC Complex


Saudi Aramco Saudi Arabia
15 gasifiers, plus H2, ACR, Soot Ash Removal, Sulfur Recovery
and other units

Eni - EST
Sannazzaro Refinery

Staatsolie Maatschappij
Suriname N.V.

In
Execution

Al-Zour New Refinery Project (NRP)


for KNPC Packages 4 and 5, Kuwait

Saipem: A Leading Oil & Gas Services Provider

55

IGCC-Integrated Gasification with Combined Cycle


Designed and built the two world largest IGCC plants 0n stream
Significant interrelationships EPC/Project Financing requirements
Integration of many technologies and proprietary equipment
Contributed to technology optimization and development
(E.g. Reactor redesign)

GE (then Texaco) and Shell technologies


Designing and building the world largest gasification project
Saudi Aramco Jazan IGCC

Latest Award

15 gasifiers, plus H2, ACR, Soot Ash Removal, Sulfur Recovery and other units
for new grassroots refinery in Jazan, KSA

Feed
Vapor
Oxygen

512 MWe

250 MWe

550 MWe

Syngas
Quench
water
Soot
water

View of a tipical Sulphur


Recovery Unit

ISAB, Priolo - Italy

Sarlux, Sarroch - Italy

Eni R&M
Sannazzaro - Italy

Saipem: A Leading Oil & Gas Services Provider

56

Gas to Market
Processing
20 Integrated Natural Gas Complexes
Designed and built > 200 process units
Abu Dhabi Gas Development Co.
Shah Gas Development Program
EPC Packages 2, 3, 5

Individual project values > 1 bn $

Saipem: A Leading Oil & Gas Services Provider

57

Gas to Market
Onshore Transportation Systems - Pipelines
Leading global E&C contractor
for oil and gas pipelines

Over 60,000 km of gas pipelines

> 90 compressor stations (~3,000 MW)

30,000 km of oil & product pipelines


Hawiyah Gas Pipeline System
Saudi Arabia

40 pumping stations (~2,100 MW)

BS 160 - Kuwait
BS 171 - Kuwait

1,400 km of water pipelines

11 Pumping Stations (~130 MW)

Topolobampo Gas Pipeline


Transcanada
Mexico

In Construction

Alinta - Australia

South Caucasus Pipeline


Azerbaijan Georgia,
Shas Deniz Consortium

Latest Award

Water Pipeline System


Kashagan - Caspian Sea

160 km, reaching heights of 3,000 metres


CODELCO, Chile

NAOC GTS4 - Nigeria

Latest Award

Saipem: A Leading Oil & Gas Services Provider

58

Gas to Market
Offshore Pipeline Systems
Completed
ahead of
schedule in April 2012

Nord Stream Gas Pipeline Baltic Sea


1224 Km, 48

Installation
underway

Castoro 6
On duty for Nord Stream

Saipem 7000

Leader in deepwater and shallow water pipelaying:


laid over 35,000 km of sealines
Designed and laid the most challenging offshore pipelines
since the 70s
Numerous complex mega-projects under way in Brazil,
Australia etc.

Inpex - Ichthys LNG Project - Australia


(Picture of Castorone vessel that will perform
the offshore activities)

New state-of-the-art, high productivity Castorone pipelaying


vessel

for very large diameter pipes in sub-arctic conditions and in deep waters

Saipem: A Leading Oil & Gas Services Provider

59

Flagship Integrated Mega-project: Kashagan Experimental Program


Kashagan Field

Major offshore and onshore integrated


project for the production of crude oil and
associated gas:
Offshore artificial islands for drilling, process and utility
facilities
Oil and gas export system
New onshore processing facility

Saipems scope:
EPCI of trunklines and production flowlines
Transportation & installation of piles, flares
and modular units
Fabrication of structures
Hook-up and commissioning
Drilling of multiple wells from artificial islands

Developed locally purpose-built construction


fleet and unique taylor-made pipelaying
techniques and equipment
Two 95 kilometer pipelines, connecting
D island in the Caspian Sea to the Karabatan
onshore plant in Kazakhstan Latest Award

Saipem: A Leading Oil & Gas Services Provider

60

Flagship Pipeline Integrated Mega-project: Sakhalin II


Client: Sakhalin Energy Investment Co. (SEIC)
Saipem main contractor - multibillion EPC contracts
Oil & gas twin 780 km land pipeline system
Oil: 24
Gas: 48
> 80 MM construction man-hours
Driven > 150 MMkm

Built over 5,000 km of temporary access roads


Several segments of sealines and subsea
power and communication cables

Offshore transportation and installation of


two massive integrated platform decks

Very challenging logistics:

Remote and inhospitable terrain


T < -45C, frost
Snow storms
Mountains, slopes >15

Start-up Dec. 2008

Saipem: A Leading Oil & Gas Services Provider

Shell CEO 2008


Safety Award

61

Gas to Market
LNG NG Liquefaction
1st multi-billion $ contract as Main

Completing start-up

Contractor to design and execute a


world class
4.7 MTPA LNG project

To date, designed and built 9 other


LNG trains, 35 MTPA total capacity

Several FEED and pre-EPC projects


under way for major new projects in
Canada, Mozambique etc.

Major synergies with Saipems


long-standing experience and
capabilities in marine works and
LNG tankage

RasGas, Ras Laffan - Qatar EPC


Trains 35

Arzew - LNG GL3Z - Algeria

NLNG, Bonny Island - Nigeria, Trains 16 EPC / Train 7 Plus

Saipem: A Leading Oil & Gas Services Provider

62

Gas to Market
LNG Import / Storage / Regasification
Extensive proprietary technology
and expertise

Designed and built:


12 world scale LNG terminals
More than 40 LNG tanks

Pioneer in new technologies for treatment,


storage, handling of liquefied gas

Canaport LNG - Canada

Close to
Completion

LNG Import Terminal


Zeebrugge - Belgium

LNG Import Terminal


Chengtoujiao, Guangdong - China

Fos Cavaou
Marseille - France

Saipem: A Leading Oil & Gas Services Provider

Polskie LNG Terminal


Swinoujcie - Poland

63

Floating LNG Regasification and Liquefaction


First FSRU worldwide positioned offshore
Combining onshore and offshore engineering
and construction competencies
with the emerging conversion / new built
floating LNG market

Petrobras, LNG FPSO, FEED

Several designs and FEED studies developed


and under way
Significant R&D effort way
Floating Hose Development with Trelleborg

OLT, FSRU Toscana, Italy

Azure, Deepwater LNG FPSO


for mild environments, Joint
Industry Project

Broadwater FSRU, USA,


pre-FEED and ITT preparation

Saipem: A Leading Oil & Gas Services Provider

64

Gas to Market
Gas-to-Liquids

Chevron Nigeria Ltd. - Escravos, Nigeria


One of three world scale GTL projects (34,000 bpsd)

Sasol process to produce premium diesel


from natural gas

ATR - New Syngas production technology


from Haldor Topsoe

Multibillion $ contract, in JV with KBR


Modules Fabrication in Abu Dhabi

Oxygen

Natural Gas + Steam

Single module

Module loading

Modules shipment

GTL site - Nigeria

Saipem: A Leading Oil & Gas Services Provider

GTL site - Nigeria

Syngas

65

Gas to Market

Ammonia Urea Complexes


Snamprogetti Urea Technology:
Ammonia
Urea

2,194 t/d
3,835 t/d

More than 130 licenses world-wide

Designed and built more than 30 large


Ammonia/Urea complexes

World largest complex in operation


(2 trains):

World largest single train complexes:


3 on stream
2 in design and construction
3 in design preparation
Engro Chemical Pakistan Ltd.
Daharki - Pakistan

Ammonia
Urea
Qafco-5 - Qatar

2 x 2,300 t/d
3,850 t/d

Jumbo single train - ready!

Ammonia 2 x 2,200 t/d


Urea
2 x 3,850 t/d
Dangote Complex,
Nigeria

Saipem: A Leading Oil & Gas Services Provider

>5,000 t/d
Urea
3,850 t/d
Urea

>5,000 t/d
Urea

Ammonia 2 x 1,750 t/d


Urea
2 x 2,530 t/d
Omifco - Oman

66

Petrochemicals
Ethylene (520,000 t/y)
LLDPE
(2 x 250,000 t/y)

Engineered and built most advanced


petrochemical plants
5 Ethylene
13 HD/LLDPE

10 LDPE
3 Styrene

Access to first class technologies


Univation
Dow
ExxonMobil

Versalis
Lummus Global
Latest Award

RIO POLIMEROS, Rio de Janeiro - Brazil

Expansion of the Ethylene Propylene Diene


Monomer plant
Versalis, Ferrara, Italy

Dushanzi
China
Ethylene

PE, Brindisi - Italy


UNIPOL

Qatofin - Qatar
LLDPE (450,000 t/y)

Saipem: A Leading Oil & Gas Services Provider

Petrochina
Dushanzi Petrochemical Co.
SSBR (100,000 t/y)
SBS (80,000 t/y)

67

Power Plants
Designed and built over 10,000 MW
(EPC basis)
Natural gas and syngas, combined and
single cycle, combined heat and power,
waste to energy
Italy, France, Algeria, Nigeria
Ansaldo, GE, Alstom, Siemens turbines

Ferrera Erbognone - Italy

Berrouaghia - Algeria

Ravenna - Italy

Dombasle - France

Okpai - Nigeria

Saipem: A Leading Oil & Gas Services Provider

Afam - Nigeria

68

Infrastructure
Italian High Speed Railway System
Milan-Bologna 182 km
Main Contractor for Design and Construction
(Single Contract > 6 B )

Inaugurated in 2008

Milan-Verona 112 km

Under Way

Basic and Front End designs completed EPC started on


Milan-Brescia stretch

Ruwais - Shah, Habshan (U.A.E.) 265 km


EPC Railway Track

Milan-Bologna
Po river crossing

Calatrava
road bridge

Shah-Ruwais Railway track

Saipem: A Leading Oil & Gas Services Provider

69

Environment & Renewables


Business Line with core team of
dedicated specialists integrated into
global Saipem organization
Full Environmental Services Provider:
Contaminated sites remediation
Water and waste treatment plants and management
Ecology, monitoring and emissions abatement

Groundwater Treatment Plant


Porto Torres - Italy

CCS programs

Developing of new environmental and


renewable technologies and systems

Site Remediation
Priolo - Italy

Electrochemical
Remediaton Technology

Saipem: A Leading Oil & Gas Services Provider

Physical Barriers
at Porto Marghera - Italy

70

Marine Works
Shore-line facilities for onshore projects

Innovative structures
Optimization of overall facilities
layout
In-house specialist expertise:

Coastal Engineering
Structural Design
Hydraulic Testing
Foundation Engineering
Construction Methods

Guangdong LNG - China

Jetties & Berths

Breakwaters

Oil & Gas Marine Structures

Waterfront Developments

Ports & Container Terminals

Recent awards:

Callao Container
Terminal, Lima
Peru

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

Costa Azul
Mexico

Tangier Harbour
Morocco

Saipem: A Leading Oil & Gas Services Provider

Melchorita LNG
Peru

71

Offshore Decommissioning
Successfully completed 7 decommissioning
projects in the last decade in the North
Sea, Mediterranean and Gulf of Mexico

Flagship project example - Frigg Field


Decommissioning for Total E&P Norge:
Platforms (topsides and jackets) and related
subsea facilities
Project duration: 5 years up to 2010
Scope: engineering, preparation, removal,
transportation and disposal
340 days of offshore activities by Saipem 7000
Removed 85,000 tons of structures
Over 2 million man-hours without LTIs
Developed innovative seafastening
techniques and substructure removal methods

Saipem: A Leading Oil & Gas Services Provider

72

Maintenance, Modifications & Operations


Global O&M Services around 3 main products:
1. Maintenance & Inspection Engineering
CMMS, Assets register, RCM, RBI
Spare parts management
Training services
Special studies
2. Operations & Maintenance Long-Term
Contracts
Technical expertise
QHSE continuous improvement plans
On-the-job training programs
Local content and nationalization

3. Modifications & Turnaround Projects


Project management
Engineering & procurement services
Fabrication support from local yards
Installation capabilities

Leverage on continuing in-country local presence


Saipem: A Leading Oil & Gas Services Provider

73

Saipem: A Leading Oil & Gas Services Provider