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Saipem

Saipem

Industry: 
Energy
Country: 
Italy
Contact Information: 
Sources: 

 

"Oil contractor Saipem said it inked an MOU with the Razavi Oil & Gas Development Company for the Toos Gas Field project, which holds more than 60 billion cubic metres of gas in place. The project involves drilling five firm and two optional wells, a statement said." (Reuters, “Italy's Renzi signs potentially huge business deals in Iran,” 4/13/2016)

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“Saipem SPA has entered a memorandum of understanding (MOU) with Razavi Oil & Gas Development Co., Tehran, about possible cooperation in the development of Toos natural gas field 100 km northeast of Mashhad, Iran. The MOU is the third Saipem has signed with Iranian entities this year. The Italian company said Toos field has more than 60 billion cu m of gas in place and capacity to produce 4 million cu m/day. The development would involve the drilling of 5-7 wells and design and construction of production, transportation, and processing facilities. In January, Saipem signed an MOU with Parsian Oil & Gas Development Co. about possible cooperation in revamping and upgrading the 110,000-b/d Tabriz refinery and planned, 120,000-b/d Pars Shiraz condensate refinery to be linked with the 60,000-b/d Shiraz refinery. Also in January, Saipem signed an MOU with National Iranian Gas Co. on possible cooperation on two natural gas pipelines, IGAT 9 and IGAT 11, with combined lengths of 1,800 km.” (OGJ, “Saipem signs third MOU for work in Iran,” 4/12/2016)

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"Italian oil and gas industry contractor Saipem is set to 'sign another Memorandum of Understanding' in Iran next week, said CEO Stefano Cao. He was speaking on the sidelines of the Italian-Norwegian Energy Forum. 'There are contacts that are not definitive but nonetheless important for embarking on a more operational phase of discussion and negotiation,' said Mr Cao. He also said he believed there were 'opportunities in the oil&service field upstream of exploration, that is, drilling' in Iran, adding that Iran had to 'carry out a great deal of maintenance on its facilities, as well as downstream and midstream'. In short, 'there are lots of opportunities, it is just a matter of working out which we should bring our skills to.'" (AGI, “Saipem to sign MoU in Iran next week,” 4/8/2016)

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Saipem is a 43% owned subsidiary of Italian energy giant, Eni. (Saipem Website, "History")

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Saipem maintains a branch office in Tehran. (Company Wesbite)

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"The oil rigs currently operating in Iranian waters mostly work for Iranian state-owned companies. The rigs are owned by a variety of foreign firms, including Norway's Sinvest, London-based Foresight Group, China Oilfield Service, Japan Drilling and Saipem, a subsidiary of Italian oil giant ENI. Industry sources said they would probably be certified by either Lloyd's or Bureau Veritas. BV did not respond to inquiries." (The Washington Post, "Congress sees shipping-certification firms as tool to tighten Iran noose," 12/5/2011)

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