a leading global oil & gas services provider

Saipem, Engineering Energy

A LEADING GLOBAL

OIL & GAS SERVICES PROVIDER

August 2016

Saipem: A Leading Global Oil & Gas Services Provider 2

Highlights • HSE and Q

Business Model

Key Achievements and Activities

Organization

Strategy and Major Projects Under Way

Financial Performance

Ownership

Sustainability and Local Content

CONTENTS


SAIPEM TODAY: A MAJOR MULTICULTURAL E&C & DRILLING CONTRACTOR

Pipelayer

LNG Carrier

FSRU

Drill Ship

Regasification LNG

Plant Petrochemicals

Refinery

Power Drilling Rig

Plant Gas Liquefaction

Station Compressor

Production Oil & Gas

Gas-to-Solids

Pipelaying

Yard

Repair System Sircos - Pipeline

Trenching Machine Beluga - Deepwater

Remotely Operated Vehicle ROV

Pipelay Vessel Semisubmersible

FPSO

Field

Development Ship

Drilling Rig Semisubmersible

Vessel Subsea Construction

Heavylift

Operating in more than 59 countries

~ 41,000 employees from >120 nationalities

More than 20 engineering and project execution centers

worldwide

11 fabrication yards in 5 continents

REVENUES

2015 11.5 B€

2016 guidance >11 B€

BACKLOG

December 31, 2015 15.9 B€


A LEADING GLOBAL EP(I)C GENERAL CONTRACTOR

High quality player onshore and in niches offshore

Distinctive ‘frontier focus’ in Oil & Gas industries

Full service EP(I)C provider

Most modern, technologically advanced offshore construction fleet

BUs Offshore, Onshore, Floaters

Engineering & Construction

Drilling


AN IMPRESSIVE TRACK RECORD OVER MORE THAN 60 YEARS

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,

Drilled over 7,300 wells, of which 1,800 offshore

including groundbreaking deepwater achievements

Drilling

Engineering & Construction


GLOBAL PRESENCE WITH A MULTILOCAL EMPHASIS (1/2)

Engineering and Project

Execution Centres

Yards & Main Logistic Bases

Other Main Areas and Rep. Offices

Major EP(I)C Hubs

Milan

Chennai

Paris

Fano


(°) 30th June, 2016

Human Resources

40,648 employees of 126 nationalities(°)

GLOBAL PRESENCE WITH A MULTILOCAL EMPHASIS (2/2)


- 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)

HSEQ – TOP SAIPEM PRIORITY LTI & TRI FREQUENCY RATE 1999 – 2014

0,31 0,32 0,26 0,28 0,31

1,30 1,06 1,15 1,09 1,08

1,09

0,00

1,00

2,00

3,00

4,00

0

70

140

210

280

350

2011 2012 2013 2014 2015

FR Rates Million WMH

Worked Manhours LTI Frequency Rate TRI Frequency Rate TRI Frequency Rate Target


MOVING TO THE NEXT SAFETY PLATEAU

Saipem’s non-profit organization,

to sponsor HSE studies, training

programs, educational campaigns, etc.

Results and methodologies available to

the industry

A strategy to achieve a step change

In safety performance


Lifestyle Transmitable deseases

Malaria 478 events

7 953 partecipants(*)

CHOOSE LIFE CAMPAIGN A campaign design to provoke ‘Healthy Choices’, specifically targeting 3 of the

critical health challenges facing a globally operating company today

(*) June 30, 2015


SAIPEM BUSINESSES AND BUs

BU Offshore BU Drilling BU Floaters BU Onshore

Engin

eeri

ng &

Const

ructi

on

Off

shore

O

nsh

ore


Business Model


Organization



Ownership



CONTENTS


FEASIBILITY STUDIES TECHNOLOGY LICENSES

PROJECT DEFINITION 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

PROJECT MANAGEMENT

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

Customized project

and contracting solutions

EPC, LSTK, EPIC, T&I,

Cost-plus, Convertible,

Lease & Operate

SAIPEM E&C: COMPLETE RANGE OF EPC/EPIC SERVICES


SAIPEM BUSINESS MODEL

Maximum emphasis on Healthcare, Safety, Environmental and Quality values and

culture

High-tech fleet,

unique in global

markets

Broad, well-rooted,

sustainable presence

in strategic markets

worldwide

State-of-the-art

know-how

and top quality

engineering

STRONG

PROJECT

MANAGEMENT

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


SAIPEM IN DRILLING

International drilling contractor operating both offshore and onshore

13th largest contractor in offshore drilling,

2nd largest contractor in onshore drilling international markets

Specialization in deep water, harsh environments and remote areas

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

Onshore positioning (total international markets*: 938 units, workover excluded,

Mar. ‘15)

*excluding North America, China and Russia *drillships, semisubs and jackups

member of

(°) 30th June, 2015


SAIPEM’S ASSETS: MAJOR ENGINEERING CENTRES

Saipem

(Milan – Italy)

Saipem

(Paris – France)

Saipem

(Fano – Italy)

Saipem India Projects

(Chennai – India)

EP(I)C HUBS

ENGINEERING CENTRES

Saipem Canada

(Calgary - Canada)

Saimexicana

(Mexico City - Mexico)

Saipem do Brasil

(Rio de Janeiro - Brazil)

Sofresid

(Regional Offices - France)

Moss Maritime

(Oslo - Norway)

Snamprogetti Romania

(Bucharest - Romania)

Saipem

(Rijeka - Croatia)

Saipem Indonesia

(Jakarta - Indonesia)

Saipem

(Sharjah - UAE)

Saipem Contracting

(Nigeria)

(Lagos - Nigeria)

Deepwater Engineering

and Technology

(Luanda - Angola)

Snamprogetti

Engineering & Contracting

(Al-Khobar - Saudi Arabia)


Complexity

Regional Engineering Centres

E&C TYPICAL PROJECT EXECUTION STRATEGY

Major Centre leadership on large complex projects

Local Centre leadership on small/medium projects

Guidance Subcontracting

Major EP(I)C Hubs Size

PROJECT


Arbatax Yard - Italy

Rumuolumeni Yard - Nigeria

Pointe-Noire Yard - Republic of the Congo

Soyo Yard - Angola

Ambriz Yard - Angola

Dammam Yard - Saudi Arabia

Karimun Yard - Indonesia

Kuryk Yard - Kazakhstan

Kurik Yard, Kazakhstan

Soyo Yard, Angola

SAIPEM’S ASSETS: FABRICATION YARDS (*)

(*) Construction support facilities worldwide not included

Edmonton Yards - Canada

Ambriz Yard, Angola

Rumuolumeni Yard

Port Harcourt, Nigeria

Guarujà Yard - Brazil

Karimun Yard, Indonesia

Edmonton Yards, Canada

Rumaila Yard - Iraq

Guarujà Yard

Brazil


Field Development SURF Lifting and DLB

Ultra-Heavy Lifting

& Deepwater Pipelaying

Saipem 7000

Pipelaying

Castoro Otto Saipem 3000

Castorone

SAIPEM’S ASSETS: OFFSHORE CONSTRUCTION VESSELS

Normand Maximus Under

construction

Saipem FDS Saipem FDS 2

Castoro Sei Castoro 10 Castoro XI


Saipem 12000 (DS) West Africa

Saipem 10000 (DS) Mediterranean Sea)

Scarabeo 5 (SSDU) Norway – North Sea

Deep Water

Perro Negro 8 Saudi Arabia

Perro Negro 7 Saudi Arabia

Jack-Up

Scarabeo 9 (SSDU) Angola

Scarabeo 8 (SSDU) Norway – North Sea

SAIPEM’S ASSETS: DRILLING UNITS

15 offshore units and approx. 100 onshore rigs

Heliportable Rig Ecuador/Perù

Desert Environment - Middle East Kashagan Field - Kazakhstan

Onshore


Business Model


Organization



Ownership



CONTENTS


* Ownership assuming the positive finalisation of the sale of eni’s 12.5% Saipem stake to Fondo Strategico

Italiano (FSI), as per the agreement between the parties. Eni and FSI provided their irrevocable commitment to

subscribe Saipem capital increase for their quota portion.

SAIPEM OWNERSHIP

Expected As agreed between eni and FSI*

October 2015


Business Model


Organization



Ownership



CONTENTS


(B€) FINANCIALS

3.9

5.3

10.1

3.2

3.5

7.3

0.4

0.5

10.3

4.8

4.3

0.6

0.6

11.2

0.7

0.8

5.2

4.5

3.5

9.3

5.1

0.47

0.3 0.4

6.0

5.1

12.6

0.7

0.8

13.4

6.2

5.4

0.8 1.1

12.3

5,1

5.3

0.8 1.2

7.2

3.8

12.9

0.3

0,4

0.7 1.2

6.9

2.8

0.8

1.1

11.5

2006 2014 2007 2015 2008 2009 2010 2011 2012 2013

4.5

0.6

6.1

4.4

3.5 3.7

3.7

0.3

5.1

7.7

4.6

0.3 0.3

7.5

0.6

0.6

1.2

0.8

1.6

2.2

12.5

0.6

0.8

5.0

6.1

4.0

7.5

0.9 1.0

2.6

5.8

0.9

1.4

10.0

6.4

2006 2014 2007 2015 2008 2009 2010 2011 2012 2013

0.9 0.7

0.4 0.2

4.5

1.4

13.9

10.7

9.9

12.9

11.9

13.4

10.7

18.0

6.5

REVENUES NEW CONTRACT ACQUISITIONS BACKLOG REVENUES

9.2

4.7

3.8

7.1

4.2

15.4

2.3

5.4

18.7

8.0

3.4

3.8

5.5

10.5

20.5

12.9

6.1

4.2

3.4 1.5

1.5

1.1

0.7

0.4

6.6

9.6

20.4

3.3

0.9

8.7

6.7

19.7

3.2

1.1

17.1

4.1

8.3

3.4

1.2

11.2

6.7

1.4

22.1

2.9

2006 2014 2007 2015 2008 2009 2010 2011 2012 2013

15.9

5.3

7.5

2.0

1.0

19.1

2.0


MAJOR GLOBAL E&C COMPANIES IN OIL & GAS MARKETS Revenues in 2014 (B €)


BALANCED EXPOSURE TO OIL & GAS INDUSTRY: BACKLOG ANALYIS

45%

51% 1%

3%

29%

20%

18%

17%

7% 5%

4% 27% 5%

8%

21%

11%

28%

TOTAL BACKLOG AS OF December 31, 2015 = 15.8 B€

BY GEOGRAPHIC AREA BY CLIENT BY COUNTRY WITH MAJOR

‘LOCAL-CONTENT’ FOCUS

Majors/Supermajors

National

Independents

Others

North Africa

Europe

America

West & South Africa

CIS

Asia Pacific

Middle East Saudi Arabia

Kazakhstan

Nigeria

Angola

Other

Brazil


Business Model


Organization



Ownership



CONTENTS


C0MPANY ORGANIZATION

Chief Operating Officer

G. CASELLI

Human Resources,

Organisation and

Services for Personnel

D. GALLINARI

Procurement, and

Contract

Management

P. FORMICA

General Counsel,

Company Affairs and

Governance

M. COLOMBO

Integrated

Risk Management

A. RIVA

Quality, Health, Safety, Environment and Sustainability

A. FORZAN

BOARD OF DIRECTORS

Chairman

P. A. COLOMBO

Chief Executive Officer (CEO)

S. CAO

Internal Audit

L. SIRI

Chief Financial

and Strategy

Officer

G. BOZZINI

Public Affairs and

Communications

G. COLUCCI


SAIPEM OPERATIONS

Project and Post

Order

Management

COO

G. CASELLI

BU

Offshore

S. PORCARI

BU

Onshore

a.i. G. CASELLI

BU

Drilling

E. PALLIOTTO

COO Office

Engineering,

Technologies &

Commissioning

A. CIPELLI

A. GEBBIA

Europe &

North Africa

T.B.D.

C.I.S. & Caspian Sea

a.i. G. CASELLI

Central Africa

G. D’ALOISIO

Southern Africa

L. FURINI

Middle East

G. SECCHI

South East Asia

& Oceania

G. MARTELLI

North America

V. TESTAGUZZA

South America

L. CATTEDRI

E&C

Tendering

M. PANTALEONE


Business Model


Organization



Ownership



CONTENTS


LOCAL CONTENT MAXIMIZATION

Develop/invest in local project execution centres

Project Management

Engineering

Procurement and Subcontracts with Local Suppliers

Prefabrication Yards

Local hiring

Training, know-how transfer

Local partnerships

HSE, medical training and assistance

Creation of long-term social and

economic value

Development of local skills Effective engagement of

all stakeholders

Objective: deeply rooted local sustainable presence

Saipem’s business philosophy


LOCAL PRESENCE: SAIPEM IN NIGERIA – SINCE THE 1960s

Rumuolumeni Base, Saipem prefabrication and construction support yard at Port Harcourt

Okwori Field Development Scarabeo 3 - Addax

16.4 Km

15.4 Km

17.4 Km

Tunu: site camp

Southern Swamp AG Solution SPDC

Egina Field Development- Total Upstream Nigeria Ltd.

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

In construction

In construction

Personnel employed by Saipem in Nigeria

Em

plo

yees


LOCAL PRESENCE: SAIPEM IN CANADA

Full service project execution centre, with international

reach Upstream

Pipelines

Refining

Oil sands processing

Shale gas

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

Business model based on EPC

Innovative contractual and risk management schemes, new for the Canadian

market


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

Rumailah Camp Facilities

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

Drilling Operations

Technical service agreement to support Iraqi drilling company

4 EPC contracts for water treatment, processing plants and pipelines

for ExxonMobil Iraq Ltd.

Numerous projects under way

Iraq Crude Oil Export Expansion Project Phase 2, Basra Oil

Terminal, South Oil Company

Umm Qasr Marine Terminal rehabilitation, Inlet Booster

Compression Station, FCP Majnoon and other projects for

Shell/Basra Gas Company

Central Metering and Manifold Platform Loadout –

Iraq Crude Oil Export Expansion Project, South Oil Company

In execution

In execution

LOCAL PRESENCE: SAIPEM IN IRAQ


Guarujá Yard FPSO Cidade de Vitoria

• Guara & Lula NE Pipelines • Lula NE – Cernambi

New flagship Saipem FDS 2 vessel,

ideally suited for Pre-Salt ultra-deepwater project execution

(Picture of Saipem FDS 2 vessel that will perform the offshore activities)

Rio Polimeros Chemical Complex (completed in 2005)

Rio Engineering Centre

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

New Guarujá Yard and Engineering Centre in Rio

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

Fabrication of subsea and floating structures and supply of support services

to the specialized fleet and project execution

EPIC contracts for the Lula Norte, Sul

and Extremo Sul Projects

Lula Extremo Sul Project

LOCAL PRESENCE: SAIPEM IN BRAZIL


Business Model


Organization



Ownership



CONTENTS


Excel in all steps of the oil & gas value chain, onshore and offshore, upstream and downstream,

as well as in selected diversified businesses

DRILLING UPSTREAM OFFSHORE FIXED FACILITIES SUBSEA FIELD DEVELOPMENT FLOATERS

OIL & GAS

PRODUCTION

AND PROCESSING

OIL

GAS

PIPELINES

ONSHORE OFFSHORE

DOWNSTREAM

OIL REFINING IGCC

INDUSTRIAL MARITIME WORKS

INFRASTRUCTURES ENVIRONMENT & RENEWABLES

MAINTENANCE & OPERATIONS

GAS

LIQUEFACTION GAS-TO-LIQUIDS GAS-TO-SOLIDS

LNG

REGASIFICATION POWER PETROCHEMICALS

SAIPEM’S STRATEGY – ENGINEERING & CONSTRUCTION


SAIPEM’S STRATEGY - DRILLING

Offshore

Onshore

Saipem 12000

delivered April 2010

Scarabeo 9

delivered August 2011

Scarabeo 8

delivered April 2012

Perro Negro 8

delivered Sept. 2010

Deepwater

SSDUs

Jack Ups

5824 – Heliportable Rig Ecuador

5804 – HH 300 – Cile

5946 / 5947 – 3000 HP Winterized Rigs Kazakhstan

- Deepwater focused

- HSE oriented

- New Technologies

- Increased Efficiency Deepwater

DrillShip

- Fast Moving Rig

- HSE oriented

- New Technologies

5962 – 2000 HP

Saudi Arabia

5964 – 1500 HP

Saudi Arabia

Perro Negro 7

Delivered April 2008

Enhance investments in fleet rejuvenation to increase quality and competitiveness


ADVANCED SUBSEA, OFFSHORE AND ONSHORE TECHNOLOGY DEVELOPMENT

SURF

Riser concepts : SIR, BIRD, …

Forged ends PIP

Plastic liners : FBJ

Active heating for pipe in pipe

Welding

Subsea Processing

Gas/liquid separation : Multipipe

Liquid/Liquid separation : SpoolSep

Seawater treatment: SPRINGS

Floaters

Offshore LNG offloading

FLNG technologies

Dry tree Unit (WHB)

Subsea Field Architectures

SIR Riser

SPRINGS Multipipe

FLNG tandem

offloading system

SpoolSep

SpoolSep Multipipe

Flowlines with PiP, heating,

liners, …

Process Technologies

"Zero emissions" urea synthesis

Environment and remediation control

Advanced Welding & Pipelaying

Techniques

Ultra-shallow, ultra-deep, Arctic pipelaying

Productivity acceleration

Exotic and clad materials

FLNG facility


CNRL Horizon Secondary

Upgrader, Phases II and III

Canada (Picture of CNRL – Phase I)

PetroRabigh

Misc. Utilities and Offsites

Saudi Arabia

Chevron, LNG Loading Jetty Gorgon - Australia

Southern Swamp Associated Gas Solution SPDC Nigeria

MEGA- PROJECTS UNDER WAY, ONSHORE

Shedgum-Yanbu Pipeline,

Saudi Aramco, Saudi Arabia

South Caucasus Pipeline,

Azerbaijan – Georgia

Pipeline El Encino, Mexico

Water Pipeline System - Chile

Benisede

Tunu Okupushi

Ogbotobo

Socar & Turcas Aegean Rafineri – Turkey (Vision 2023)

Jazan Refinery Pckgs 1&2,

Saudi Aramco, Saudi Arabia

Fertilizer Complex Dangote

Fertilizer Ltd.,

Nigeria

EPDM Rubber Plant

Versalis, Italy

(Pictured: Khurais Field Development Project)

Khurais, Mazajili and Abu Jifan production centers expansion Saudi Aramco,

Saudi Arabia

Al-Zour New Refinery Project (NRP) Pckgs 4 & 5, KNPC, Kuwait

Phase III


LNG GL3Z Arzew Sonatrach Algeria

South Caucasus Pipeline Expansion Shah Deniz Consortium Azerbaijan-Georgia

EPDM rubber plant expansion VERSALIS Italy

High Speed Railway RFI Italy

Horizon Oil Sands Canadian National Resources Ltd. Canada

Khurais Mazalij and Abu Jafan fields New facilities Saudi Aramco Saudi Arabia

SSAGS Facilities SPDC Nigeria

Topolobampo Gas Pipeline Transcanada Mexico

Rabigh II Complex Saudi Aramco/Sumitomo Saudi Arabia

Ammonia and Urea production complex Dangote Fertilizer Ltd Nigeria

Zubair Gathering System ExxonMobil Iraq

STAR Rafineri A.S. Grassroots Refinery Turkey

West Qurna ExxonMobil Iraq

Shedgum Yanbu Pipeline Loop 4&5 Saudi Aramco Saudi Arabia

Jazan Refinery, Packg.s 1 and 2 Saudi Aramco Saudi Arabia

Litchendjili Gas Treatment Plant Eni Congo Congo

Regasification Terminal Polskie LNG Company Poland

Shell Petroleum Development Otumara-Saghara-Escravos Gas Pipeline Nigeria

Pipeline El Encino, Transcanada Mexico

Al-Zour New Refinery Project (NRP) Packages 4 and 5 KNPC Kuwait

Water Pipeline System CODELCO Chile

MAJOR EPC PROJECTS UNDER WAY, ONSHORE

Gas Storage Facilities Ital Gas Storage Italy

PetroRabigh Misc. Utilities and Offsites Saudi Arabia


Sapinhoa Norte and Cernambi Sul Guara & Lula NE Export Pipelines

- Brazil (Pictured)

Zohr Field Development, Petrobel, Egypt

Trans-Adriatic Pipeline Project

Liwan 3-1 Field - China (Picture of the Saipem FDS 2 vessel that will perform the offshore activities)

First Deepwater Field Developed in the South China Sea

Lula Norte, Lula Sul, and Lula Extremo Sul Pipelines and Riser Systems P55 – Brazil (Pictured)

Petrobras, Brazil

Pre-salt Projects

Egina Field Development, Total, Nigeria

Al Wasit Gas Program Saudi Arabia

Castoro

Otto

Shah Deniz Stage 2, BP Exploration, Azerbaijan

2nd contract

recently awarded

FPU for Jangkrik Complex Project Dev.

Eni M.B., Indonesia

Lastest

awards

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

New offshore structures (Part of Long Term Agreement)

Saudi Arabia

MEGA- PROJECTS UNDER WAY, OFFSHORE

http://www.google.it/url?sa=i&rct=j&q=&esrc=s&frm=1&source=imgres&cd=&cad=rja&uact=8&ved=0ahUKEwib9MfT5IHOAhUDLhoKHRNQCPMQjRwIBw&url=http://tekmormonitor.blogspot.com/2016/02/eni-to-complete-second-well-in-zohr.html&psig=AFQjCNEhSdiUGzlSuw1vP4D9kDXpVaJjhw&ust=1469095050204356


MAJOR EPIC AND T&I PROJECTS UNDER WAY, OFFSHORE

Various platform and pipeline installations North Sea

Al Wasit Gas Program Arabiyah and Hasbah fields development Saudi Aramco Saudi Arabia

Ichthys Gas Export Pipeline INPEX Australia

Long Term Agreement Offshore Maintain Potential Program Saudi Aramco Saudi Arabia

FPSO Cidade de Vitoria Petrobras Brazil (Leased - in operation)

Sapinhoa Norte and Cernambi Sul SLWR and FSHR Petrobras Brazil

Sapinhoa Norte and Iracema Sul Project Petrobras Brazil

Lakach field development Pemex Mexico

Shah Deniz Stage 2 BP Azerbaijan

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

Kizomba Satellites Phase 2 Tiebacks Esso Angola

FPU for Jangkrik Complex Project Eni Muarau Bakau Indonesia

Egina Field Development Total Nigeria

FPSO Units for Kaombo Field Dev. Total Angola

FPSO Gimboa Sonangol Angola (Leased - in operation)

Kashagan field – Pipeline Installation North Caspian Operating Company Kazakhstan

Filanovsky Field Export pipelines and T&I activities Lukoil Russia

New Offshore Structures Saudi Aramco Saudi Arabia

Johan Sverdrup Export Pipelines Statoil North Sea

TAP Gas Pipeline TAP AG Albania/Italy

Zohr Field Development Petrobel Egypt


Deep Water Floaters

Mid Water Floaters

High Specs Jackups

Standard Jackups

Tender Assisted

Logistic Bases

S12000

(drillship)

Scarabeo 9

(6th gen semi)

TAD

Perro Negro 4

Scarabeo 4

(2nd gen semi)

Scarabeo 6

(3nd gen semi)

Perro Negro 2 - 3 - 5

Perro Negro 7 - 8

Scarabeo 5

(4nd gen semi)

Scarabeo 8

(6nd gen semi)

SAIPEM OFFSHORE DRILLING FLEET DEPLOYMENT (NOVEMBER 2015)

S10000

(drillship)

Scarabeo 7

(5th gen semi)


Chile

3 RIGS

Bolivia

3 RIGS

Peru

24 RIGS

Ecuador

4 RIGS

Colombia 6 RIGS

Venezuela

28 RIGS

Mauritania

1 RIG Tunisia

1 RIG

Italy

2 RIG

Turkmenistan

1 RIG

Kazakhstan

8 RIGS

Saudi Arabia

28 RIGS

Congo

2 RIGS

SAIPEM ONSHORE DRILLING RIGS DEPLOYMENT (SEPTEMBER 2015)


Business Model


Organization



Ownership



CONTENTS


Saudi Aramco, K.S.A.

MEGA OIL PROJECTS UPSTREAM

Individual project values: > 2 bn $ each Last years total awards: > 12 bn $

FEED

(Cost-plus)

EPC

(Lump Sum)

With pre-agreed formulae

Flagship projects to bring huge new gas and oil production capacity on stream quickly

New “Convertible” contract structures:

Khurais Oil Field: Saipem awarded 60% of total investment

Source: Saudi Aramco (2007)

Qurayyah Sea Water Treatment

Khurais WIPS Khurais Utilities Package

Qatif Central Producing Facilities

Khursaniyah Processing Facilities Manifa Central

Processing Facilities


OTHER RECENT LARGE OIL & GAS PRODUCTION PROJECT AWARDS

16.4 Km

15.4 Km

17.4 Km

Tunu: site camp

SPDC, Delta State, Nigeria Southern Swamp Associated Gas Solution

Recently

awarded

Khurais, Mazajili and Abu Jifan production centers expansion Saudi Aramco,

Saudi Arabia

(Pictured: Khurais Field Development Project) In

progress


FLOATING OIL AND GAS PRODUCTION

ExxonMobil, Erha FPSO, Nigeria

Total, Dalia FPSO, Angola

Designed and completed:

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.

9 new built floating production systems, including 3

large scale projects with storage capacity exceeding 2

million barrels of oil

FPU for Jangkrik Complex Project Eni Muara Bakau Indonesia

Latest Award

Two FPSOs for Kaombo Field Development Project, Total, Angola

Latest Award


COMPLEX INTEGRATED OFFSHORE FIXED FACILITIES

EPIC flagship projects:

Completed more than 100 offshore EPIC projects over

the last ten years, including several challenging large-

scale integrated complexes

Bahr Essalam Full Field Development: Gathering sealines, export trunklines, subsea production system, production platform

Al Wasit Field Development: 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

South Oil Company, Iraq Crude Oil Export Expansion Project, Phase 2 (Picture of Castoro otto installing similar platform)

Saudi Aramco, Saudi Arabia, Al Wasit Gas Program

Under

Execution

Agip Gas B.V., Libya Bahr Essalam Full Field Development

Close to

completion

Shah Deniz Stage 2 T&I of jackets, topsides and subsea production systems and subsea structures; laying of over 450 km of pipelines; diving and ROV support services; upgrading of main installation vessels; laying of fiber optic cables and production umbilicals; activation, crewing and operations management of the new-build SCV; marine base management

BP, Shah Deniz Field (general layout), Azerbaijan Latest

Awards


PLATFORM INSTALLATION

Saipem 7000 installing platform accommodation module

Installed 2.5 million tons of offshore structures

Heaviest lift record: 12,100 t integrated deck

Floatover and heavy lift techniques

Sakhalin Island, Russia, integrated deck floatover installation

Jacket launch


Installation (Lift Mating) operations of the Hywind Project

5 offshore floating wind turbine generators

Buchan Deep area approx. 30 km off Eastern coast of Scotland,

95-120 m water depth

Saipem 7000 - In 2017

STATOIL: OFFSHORE WIND PARK


SUBSEA DEEPWATER FIELD DEVELOPMENT

Elf Petroleum Nigeria, Usan, Nigeria EPCI of subsea system connecting 42 wellheads to FPSO, with export sealines

Designed and executed more than 25 major deepwater systems in the last ten years

Numerous high technology proprietary solutions available for risers and flowlines

Burullus Gas Company, West Delta Deep Marine Project, Egypt

(Picture of Saipem FDS operations in Egyptian waters)

Currently

Under

Execution Under way:

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

Egina Field Development - Nigeria

Under

Execution

Zohr Field Development Project, for Petrobel, Egypt EPCI contract for design and installaton of export 26" and service 8" trunklines and deep water field development and umbilical system

Latest

award


Repsol, Spain, Prestige Deepwater oil recovery

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

Bar Protector Dive support and construction vessel

Innovator 250 Heavy duty ROV

Deepwater sealine repair system

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)

Full service deepwater intervention capabilities:

SONSUB REMOTE SUBSEA TECHNOLOGIES


CNRL - Canada

37 grass-roots refineries

World-wide track record

30 hydrocrackers, H-Oil and LC Finers

In the last decade, emphasis on “Bottoms-of-the-Barrel” upgrading

Recent focus:

Staatsolie, Suriname, refinery expansion (modular)

EST First Commercial Unit for Eni R&M

2 desulfurization and amine units for

Pemex - Refinacion, Mexico

Canadian projects

Eni - EST Sannazzaro Refinery

Staatsolie Maatschappij

Suriname N.V.

Reformer and Aromatics Complex

for Saudi Aramco/Sumitomo - Rabigh II, Saudi Arabia

Aegean Refinery Project

CNRL Horizon Upgrader Phases II and III - FEED and EPC

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

Al-Zour New Refinery Project (NRP) for KNPC

Packages 4 and 5, Kuwait

In

Execution

In

Execution

In

Execution

In

Execution

In

Execution

REFINING AND HEAVY OILS CONVERSION


Significant interrelationships EPC/Project Financing requirements

Designed and built the two world largest IGCC plants 0n stream

GE (then Texaco) and Shell technologies

Integration of many technologies and proprietary equipment

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

ISAB, Priolo - Italy

512 MWe

Sarlux, Sarroch - Italy

550 MWe

Contributed to technology optimization and development (E.g. Reactor redesign)

Eni R&M

Sannazzaro - Italy

250 MWe

Feed

Quenchwater

Syngas

Soot water

VaporOxygen

Feed

Quenchwater

Syngas

Soot water

VaporOxygen

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

refinery in Jazan, KSA

Latest Award

View of a tipical Sulphur Recovery Unit

IGCC-INTEGRATED GASIFICATION WITH COMBINED CYCLE


Processing

20 Integrated Natural Gas Complexes

Individual project values > 1 bn $

Designed and built > 200 process units

Abu Dhabi Gas Development Co.

Shah Gas Development Program

EPC Packages 2, 3, 5

GAS TO MARKET


Onshore Transportation Systems - Pipelines

Hawiyah Gas Pipeline System Saudi

Arabia

Kashagan - Caspian Sea NAOC GTS4 - Nigeria

Leading global E&C contractor for oil and gas pipelines

30,000 km of oil & product pipelines

40 pumping stations (~2,100 MW)

Over 60,000 km of gas pipelines

> 90 compressor stations (~3,000 MW)

1,400 km of water pipelines

11 Pumping Stations (~130 MW)

Alinta - Australia

BS 160 - Kuwait

BS 171 - Kuwait

Topolobampo Gas Pipeline

Transcanada

Mexico

South Caucasus Pipeline

Azerbaijan – Georgia,

Shas Deniz Consortium

Water Pipeline System

160 km, reaching heights of 3,000 metres

CODELCO, Chile

In Construction

Latest Award

Latest Award

GAS TO MARKET


Nord Stream Gas Pipeline – Baltic Sea 1224 Km, 48’’

Leader in deepwater and shallow water pipelaying: laid over 40,000 km

of sealines

Designed and laid the most challenging offshore pipelines since the 70s

Numerous complex mega-projects under way in Brazil, Norway,

Albania/Italy, etc.

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

for very large diameter pipes in sub-arctic conditions and in deep waters • Inpex - Ichthys LNG Project - Australia

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

Completed

ahead of

schedule in April 2012

Castoro 6 On duty for Nord Stream

Saipem 7000

Installation

underway

Offshore Pipeline Systems

GAS TO MARKET


FLAGSHIP INTEGRATED MEGA-PROJECT: KASHAGAN EXPERIMENTAL PROGRAM

Major offshore and onshore integrated project for

the production of crude oil and associated gas: Kashagan Field

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

Offshore artificial islands for drilling, process and utility facilities

Oil and gas export system

New onshore processing facility

Saipem’s scope:

Latest Award


FLAGHIP PIPELINE INTEGRATED MEGA-PROJECT: SAKHALIN II

Saipem main contractor - multibillion EPC contracts

Client: Sakhalin Energy Investment Co. (SEIC)

Very challenging logistics:

Remote and inhospitable terrain T < -45°C, frost Snow storms Mountains, slopes >15°

Built over 5,000 km of temporary access roads

Start-up Dec. 2008 Shell CEO 2008

Safety Award

Oil & gas twin 780 km land pipeline system

Oil: 24” Gas: 48” > 80 MM construction man-hours Driven > 150 MMkm

Several segments of sealines and subsea power

and communication cables

Offshore transportation and installation of

two massive integrated platform decks


1st multi-billion $ contract as Main Contractor

to design and execute a world class

4.7 MTPA LNG project

Arzew - LNG GL3Z - Algeria

NLNG, Bonny Island - Nigeria, Trains 1÷6 EPC / Train 7 Plus RasGas, Ras Laffan - Qatar EPC Trains 3÷5

To date, designed and built 9 other

LNG trains, 35 MTPA total capacity

Major synergies with Saipem’s long-

standing experience and capabilities in

marine works and LNG tankage

Several FEED and pre-EPC projects under

way for major new projects in Canada,

Mozambique etc.

LNG – NG Liquefaction

GAS TO MARKET


LNG Import / Storage / Regasification

LNG Import Terminal

Chengtoujiao, Guangdong - China

Canaport LNG - Canada

Extensive proprietary technology and expertise

Designed and built:

Pioneer in new technologies for treatment, storage, handling of liquefied gas

12 world scale LNG terminals

More than 40 LNG tanks

LNG Import Terminal Zeebrugge - Belgium

Fos Cavaou

Marseille - France

Polskie LNG Terminal Swinoujcie - Poland

GAS TO MARKET


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

Several designs and FEED studies developed and

under way

Significant R&D effort way

Broadwater FSRU, USA, pre-FEED and ITT preparation

Azure, Deepwater LNG FPSO for mild environments, Joint Industry Project

Petrobras, LNG FPSO, FEED

OLT, FSRU Toscana, Italy

Floating Hose Development with Trelleborg


Chevron Nigeria Ltd. - Escravos, Nigeria

Sasol process to produce premium diesel

from natural gas

ATR - New Syngas production technology

from Haldor Topsoe

Multibillion $ contract, in JV with KBR

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

Modules Fabrication in Abu Dhabi

Natural Gas + Steam

Oxygen

Syngas

Natural Gas + Steam

Oxygen

Syngas

Oxygen

SyngasGTL site - Nigeria GTL site - Nigeria Modules shipment Single module Module loading

Gas-to-Liquids

GAS TO MARKET


Omifco - Oman

Ammonia 2,194 t/d

Urea 3,835 t/d

Engro Chemical Pakistan Ltd.

Daharki - Pakistan

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

Qafco-5 - Qatar

Snamprogetti™ Urea Technology:

More than 130 licenses world-wide

Designed and built more than 30 large Ammonia/Urea

complexes

World largest single train complexes: 3,850 t/d

3 on stream

2 in design and construction

3 in design preparation

‘Jumbo’ single train - ready! >5,000 t/d

World largest complex in operation >5,000 t/d

(2 trains):

Urea

Urea

Urea

Dangote Complex,

Nigeria

Ammonia 2 x 2,200 t/d Urea 2 x 3,850 t/d

Ammonia 2 x 1,750 t/d Urea 2 x 2,530 t/d

Ammonia – Urea Complexes

GAS TO MARKET


Dushanzi China Ethylene

5 Ethylene

13 HD/LLDPE

Univation

Dow

ExxonMobil

Versalis

Lummus Global

Engineered and built most advanced petrochemical

plants

Access to first class technologies

10 LDPE

3 Styrene

RIO POLIMEROS, Rio de Janeiro - Brazil

Ethylene (520,000 t/y)

LLDPE (2 x 250,000 t/y)

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

PE, Brindisi - Italy

UNIPOL™

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

Expansion of the Ethylene Propylene Diene Monomer

plant Versalis, Ferrara, Italy

Latest Award

PETROCHEMICALS


Designed and built over 10,000 MW (EPC basis)

Italy, France, Algeria, Nigeria

Ansaldo, GE, Alstom, Siemens turbines

Natural gas and syngas, combined and

single cycle, combined heat and power,

waste to energy

Ferrera Erbognone - Italy

Berrouaghia - Algeria Dombasle - France Ravenna - Italy Okpai - Nigeria Afam - Nigeria

POWER PLANTS


Milan-Bologna

Po river crossing

INFRASTRUCTURE Italian High Speed Railway System

Milan-Venice

Milan-Bologna 182 km

Main Contractor for Design and Construction

(Single Contract > 6 B €)

Inaugurated in 2008

Calatrava road bridge

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

EPC Railway Track

Shah-Ruwais Railway track

Under Way


ENVIRONMENT & RENEWABLES

Business Line with core team of dedicated

specialists integrated into global Saipem

organization

Site Remediation Priolo - Italy

Full Environmental Services Provider:

Contaminated sites remediation

Water and waste treatment plants and management

Ecology, monitoring and emissions abatement

Developing of new environmental and renewable

technologies and systems

CCS programs Electrochemical Remediaton Technology

Groundwater Treatment Plant

Porto Torres - Italy

Physical Barriers at Porto Marghera - Italy


MARINE WORKS

Shore-line facilities for onshore projects Innovative structures

Optimization of overall facilities layout

In-house specialist expertise: Ports & Container Terminals

Waterfront Developments

Jetties & Berths Breakwaters

Oil & Gas Marine Structures

Recent awards:

Tangier Harbour

Morocco Costa Azul

Mexico

Guangdong LNG - China 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

Panama International Terminal, Panama

Coastal Engineering

Structural Design

Hydraulic Testing

Foundation Engineering

Construction Methods

Melchorita LNG

Peru


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


MAINTENANCE, MODIFICATIONS & OPERATIONS

Leverage on continuing in-country local presence

Global O&M Services around 3 main products:

1. Maintenance & Inspection Engineering

CMMS, Assets register, RCM, RBI

Spare parts management

Training services

Special studies

3. Modifications & Turnaround Projects

Project management

Engineering & procurement services

Fabrication support from local yards

Installation capabilities

2. Operations & Maintenance Long-Term Contracts

Technical expertise

QHSE continuous improvement plans

On-the-job training programs

Local content and nationalization

a leading global oil & gas services provider

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