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COMPANY PROFILE · OFFSHORE EPCI

Saipem S.p.A.

Subsea, offshore, onshore energy and drilling contractor

Company Overview

Saipem S.p.A. is a Milan-headquartered global energy engineering contractor founded in 1957. Its activities span subsea works, offshore facilities, onshore energy projects and drilling services. According to the company’s Annual Report 2025, Saipem operates in more than 50 countries, has five fabrication yards, 17 owned construction vessels and 12 drilling rigs, nine of them owned, and employs more than 30,000 people.

Saipem and Subsea7 have announced a proposed combination. As of 31 July 2026, the waiting period under the U.S. Hart-Scott-Rodino Act had expired, while regulatory approvals in other jurisdictions remained in progress.

Business Models and Execution Capabilities

SURF & Subsea EPCIFixed & Floating FacilitiesFPSO EPCIOnshore LNG & EnergyConstruction FleetLocal Fabrication

Saipem’s role varies by contract. In Guyana, it has participated in subsea delivery for Liza Phase 1, Liza Phase 2, Payara, Yellowtail, Uaru, Whiptail and Hammerhead, and has received a limited notice to proceed for Longtail. In Brazil, Suriname, Angola, Mozambique and Indonesia, its work spans FPSO delivery, subsea facilities, transportation and installation, and onshore LNG engineering.

Representative Project Portfolio

Project Region / Status Saipem Role Principal Scope Milestone or Contract Status
Liza Phase 1 Guyana / Producing SURF EPCI Subsea umbilicals, risers and flowlines Completed
Liza Phase 2 Guyana / Producing SURF EPCI Flowlines, risers, structures and installation Completed
Payara Guyana / Producing Subsea facilities EPCI Subsea delivery and local jumper fabrication in Georgetown Completed
Yellowtail Guyana / Producing SURF EPCI Umbilicals, risers, flowlines and local jumpers Completed in 2025
Uaru Guyana / In execution SURF EPCI Subsea structures, risers, flowlines and umbilicals Full execution
Whiptail Guyana / In execution Subsea facilities EPCI Engineering, procurement, construction and installation Full execution authorized in 2024
Hammerhead Guyana / In execution SURF EPCI Subsea production facilities engineering and installation Full execution authorized in 2025
Longtail Guyana / Pre-FID Limited notice to proceed Preliminary detailed engineering and procurement Full EPCI remains conditional on approvals and FID
GranMorgu Suriname / In execution Subsea EPCI SURF systems and offshore installation Approximately $1.9 billion
Búzios Brazil / Phased development FPSO EPC and subsea EPCI Joint EPC for P-79; subsea works for Búzios 5 and 7 In execution / awarded
Greater PAJ Angola / In execution Transportation, installation and subsea works Rigid and flexible pipelines, subsea facilities and local fabrication at Ambriz Approximately $1 billion; 40 months
Rovuma LNG Mozambique / Pre-FID Lead of the SMDC consortium Limited preliminary engineering and procurement $32 million; full EPC remains conditional on FID
Kutei North Hub Indonesia / In execution FPSO EPCI joint-venture lead Engineering, procurement, construction, installation, commissioning and start-up Saipem share about $2 billion; 48 months

Related projects and roles

  • Oil and gas development · Suriname

    GranMorgu

    Suriname's first large-scale offshore oil and gas development, centered on a newbuild FPSO.

    EPCI contractor

    Saipem is responsible for the SURF EPCI scope, including approximately 100 km of production flowlines, 90 km of water- and gas-injection lines, flexible risers, umbilicals and associated structures, together with transportation, installation, pre-commissioning and start-up support.

    Scope
    Offshore facilities and operations
    Relationship start
    14 Nov 2024

  • Oil and gas development · Guyana

    Hammerhead

    The seventh offshore development in Guyana's Stabroek Block, centered on the Essequibo 1899 FPSO.

    EPCI contractor

    Saipem is responsible for offshore EPCI of subsea pipelines, umbilicals, risers and flowlines for the Hammerhead production facilities and gas export system, with offshore work planned to start in 2028.

    Scope
    Subsea systems
    Relationship start
    26 Sep 2025

  • LNG facility · Mozambique

    Rovuma LNG

    A planned 18 million-tonne-per-year onshore LNG development in Mozambique's Area 4.

    FEED contractor

    Lead of the SMDC consortium for limited preliminary engineering and procurement; the full EPC scope remains conditional on FID and relevant approvals.

    Scope
    Onshore facilities
    Relationship start
    7 Aug 2026

  • Oil and gas development · Brazil

    Búzios

    A major pre-salt field in Brazil's Santos Basin, developed in phases through 12 FPSO systems, with eight in production.

    EPC contractor

    Joint EPC delivery of P-79 with Hanwha Ocean, plus subsea EPCI for Búzios 5 and Búzios 7.

    Scope
    Offshore facilities and operations
    Relationship start
    6 Jul 2020

  • Oil and gas development · 安哥拉

    Greater PAJ FPSO
    Installation contractor

    Offshore transportation and installation, rigid and flexible pipelines and subsea facilities, with local fabrication through the Ambriz yard.

    Scope
    Offshore facilities and operations
    Relationship start
    22 Jun 2026

  • Oil and gas development · Guyana

    Longtail
    FEED contractor

    Preliminary detailed engineering and procurement; the full subsea EPCI scope remains conditional on approvals and final investment decision.

    Scope
    Subsea systems
    Relationship start
    21 Apr 2026

  • Oil and gas development · Guyana

    Liza Phase 1

    The first offshore development in the Stabroek Block, producing through the Liza Destiny FPSO.

    EPCI contractor

    Subsea umbilicals, risers and flowlines engineering, procurement, construction and installation for Liza Phase 1.

    Scope
    Subsea systems
    Relationship start
    2017

  • Oil and gas development · Guyana

    Liza Phase 2

    The second Stabroek development, producing through Liza Unity, the first Fast4Ward FPSO.

    EPCI contractor

    Subsea umbilicals, risers and flowlines engineering, procurement, construction and installation for Liza Phase 2.

    Scope
    Subsea systems
    Relationship start
    21 Aug 2018

  • Oil and gas development · Guyana

    Payara

    The third Stabroek development, producing through the Fast4Ward FPSO Prosperity.

    EPCI contractor

    Subsea umbilicals, risers and flowlines engineering, procurement, construction and installation for Payara.

    Scope
    Subsea systems
    Relationship start
    14 Nov 2019

  • Oil and gas development · Guyana

    Yellowtail

    The fourth Stabroek development, producing through the ONE GUYANA FPSO.

    EPCI contractor

    Subsea umbilicals, risers and flowlines EPCI for Yellowtail, including local jumper fabrication in Georgetown.

    Scope
    Subsea systems
    Relationship start
    11 Jan 2022

  • Oil and gas development · Guyana

    Errea Wittu FPSO
    EPCI contractor

    Subsea production structures, risers, flowlines and umbilicals EPCI for Uaru.

    Scope
    Subsea systems
    Relationship start
    4 May 2023

  • Oil and gas development · Guyana

    Whiptail

    The sixth Stabroek development, centered on the Fast4Ward FPSO Jaguar now under construction.

    EPCI contractor

    Subsea production facility EPCI for Whiptail, supported by local facilities in Guyana.

    Scope
    Subsea systems
    Relationship start
    13 Apr 2024

  • Oil and gas development · 印度尼西亚

    Kutei North Hub
    EPCI contractor

    Joint-venture FPSO EPCI delivery with PT Tripatra Engineers and Constructors; Saipem's contract share is approximately $2 billion.

    Scope
    Offshore facilities and operations
    Relationship start
    7 Jul 2026