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Onshore

Pipeline construction

Onshore construction

Saipem is one of the world’s largest engineering and construction operators on a turnkey contract base in the oil&gas segment and in the onshore construction business, especially after its acquisition of Snamprogetti. Saipem operates in the construction of plants for hydrocarbon production (extraction, separation, stabilization, collection of hydrocarbons, water injection) and treatment (removal and recovery of sulphur dioxide and carbon dioxide, fractioning of gaseous liquids, recovery of condensates) and in the installation of large onshore transport systems (pipelines, compression stations, terminals).
Leveraging on its distinctive know-how in the gas monetization segment, Saipem is capable to manage large and complex turnkey projects in the high-tech sector of LNG.
Saipem is currently building a large gas liquefaction plant in Algeria, as main contractor. Saipem’s competitiveness is granted by the technological excellence of its engineering hubs and the management of large parts of engineering activities in cost efficient areas (Engineering Centre in India).
At the end of the current economic downturn, when a new cycle of investments in the oil&gas industry will take place, Saipem will be focused on taking advantage of the opportunities raising from the market in the plant and pipeline segments leveraging on its solid competitive position in the realization of complex projects in the strategic areas of the Middle East, Caspian Sea, North and West Africa and Russia.

 

  • 2009 Activities2009 Activities
  • Onshore drillingOnshore drilling

In 2009 revenues of the Onshore construction segment amounted to €4,258, accounting for 44% of total revenues. Contribution form operations of €313 million decreased by €28 million from 2008, mainly due to the postponement of the activities related to the Manifa project on behalf of Saudi Aramco.

Among the major orders acquired in 2009 were:

  • an EPC contract on behalf of the joint venture between Eni and Sonatrach for the construction of facilities for the treatment of natural gas extracted from the Menzel Ledjmet field and from the future developments of the CAFC (Central Area Field Complex) in Algeria;
  • an EPC contract on behalf of Sonatrach for the construction of the GK3 gas pipeline that will connect various cities situated in the north-eastern region of Algeria for a total length of approximately 350 kilometers;
  • an EPC contract on behalf of Qafco for the construction of a new urea plant in the city of Mesaieed, in Qatar.

Saipem operates in this area as main contractor for the major international oil companies and NOCs executing its activity mainly in South America, Saudi Arabia, North Africa and, at a lower extent, in Europe. In these areas Saipem can leverage on its knowledge of the market, long-term relations with customers and synergies and integration with other business areas. Saipem boasts a solid track record in remote areas (in particular in the Caspian Sea), leveraging on its own operational skills and its ability to operate in complex environments.
In 2009, revenues of the onshore drilling segment were €523 million, accounting for 5% of total revenues. Contribution from operations came in at €71 million, down €15 million from 2008 reflecting lower average utilization rate of equipment.

The most significant contracts awarded during the period include:

  • a contract on behalf of Agip KCO for the lease of 2 rigs in Kazakhstan for the development of the Kashagan field with a contract duration of five and half years;
  • a contract on behalf of Eni in Congo for the lease of two rigs that will operate in the M’Boundi field with a contract duration of two years;
  • a contract on behalf of the joint venture between First Calgary Petroleum and Sonatrach in Algeria for the lease of 2 rigs that will operate in the 405B block situated in the Berline basins with a contract duration of three years.



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Last updated on 23/04/10