Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Saipem S.p.A.
  6. News
  7. Summary
    SPM   IT0005252140

SAIPEM S.P.A.

(SPM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Saipem Wins $750M Contract for Jafurah Gas Field

12/01/2021 | 09:08am EST

Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia.

The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia. Saipem will also build a system to transport water associated with the separation of the treated gas. The contract has a total value of approximately USD 750 million.

The EPC (Engineering, Procurement, Construction) contract includes the engineering, supply of materials, construction, and commissioning of approximately 835 km of pipelines for the transportation of gas, condensate and production water.

Francesco Caio, Saipem's CEO, commented: 'The award of this new project from Aramco consolidates a long-standing relationship and Saipem's strategic positioning in the Middle East. The agreement confirms the trust and appreciation of our customers in the project management capacity and in the cutting-edge engineering and technological services that Saipem is able to offer'.

Contact:

Tel: +202 2785 0023

Fax: +202 2591 8044

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SAIPEM S.P.A. -5.05% 1.935 Delayed Quote.10.46%
SAUDI ARABIAN OIL COMPANY 0.00% 36.9 End-of-day quote.3.07%
All news about SAIPEM S.P.A.
09:31aTenaris, Saipem and Siad sign a MoU for the study of a CO2 capture and utilization proj..
AQ
01/27Local Content - Senate Flays NCDMB Over $10bn Gas Project
AQ
01/27Saipem, Tenaris, SIAD Plan Carbon Dioxide Capture Project in Italy
MT
01/27$10bn Gas Project - Senate Tackles Agency Over Breach of Local Content Laws By Oil Comp..
AQ
01/26Putin talks up energy ties in address to Italy's business elite
RE
01/26Putin talks up energy ties in address to Italy's business elite
RE
01/25Putin meeting with Italy business elite to go ahead despite Ukraine
RE
01/25Putin meeting with Italy business elite to go ahead despite Ukraine
RE
01/18Saipem - Financial Calendar 2022
AQ
01/13Saipem announces the 2022 - 2025 four-year strategic plan
AQ
More news
Analyst Recommendations on SAIPEM S.P.A.
More recommendations
Financials
Sales 2021 7 431 M 8 286 M 8 286 M
Net income 2021 -1 004 M -1 120 M -1 120 M
Net Debt 2021 1 682 M 1 876 M 1 876 M
P/E ratio 2021 -2,06x
Yield 2021 0,03%
Capitalization 2 017 M 2 251 M 2 249 M
EV / Sales 2021 0,50x
EV / Sales 2022 0,45x
Nbr of Employees 32 000
Free-Float 54,3%
Chart SAIPEM S.P.A.
Duration : Period :
Saipem S.p.A. Technical Analysis Chart | SPM | IT0005252140 | MarketScreener
Technical analysis trends SAIPEM S.P.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 2,04 €
Average target price 1,94 €
Spread / Average Target -5,04%
EPS Revisions
Managers and Directors
Francesco Caio Chief Executive Officer, Director & GM
Antonio Paccioretti CFO & Manager-Financial Reporting
Silvia Merlo Chairman
Paul Simon Schapira Independent Non-Executive Director
Roberto Diacetti Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SAIPEM S.P.A.10.46%2 249
SCHLUMBERGER LIMITED29.75%54 506
HALLIBURTON COMPANY34.81%27 596
BAKER HUGHES COMPANY14.38%24 816
NOV INC.22.51%6 485
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED-8.87%4 264