spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:41 Pagina d OFFSHORE PIPELINES spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:42 Pagina 2 spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:43 Pagina 3 INDEX SAIPEM TODAY 4 SAIPEM ENGINEERING & CONSTRUCTION 6 OFFSHORE PIPELINES 8 FIELD DEVELOPMENT PROJECTS 10 THE TREND TOWARDS DEEP AND ULTRA-DEEP WATERS 12 TECHNOLOGY INNOVATION 16 ULTRA-SHALLOW WATERS 18 ARCTIC PROSPECTS 22 CASTORONE 24 PROJECT REFERENCES 26 3 spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:43 Pagina 4 SAIPEM TODAY SAIPEM TODAY IS A WORLD LEADER IN THE GLOBAL SUPPLY OF ENGINEERING, PROCUREMENT,PROJECT MANAGEMENT, CONSTRUCTION AND DRILLING SERVICES WITH DISTINCTIVE CAPABILITIES IN THE DESIGN AND EXECUTION OF LARGE-SCALE OFFSHORE AND ONSHORE PROJECTS. Saipem has a strong bias towards oil and gas frontiers, namely activities in harsh and remote areas, in deep waters as well as in extremely cold and hot environments, applying significant technological competences in many diverse fields such as gas monetization and heavy oil exploitation. Saipem is organized in two Business Units: Engineering & Construction and Drilling. 4 spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:43 Pagina 5 5 spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:43 Pagina 6 SAIPEM ENGINEERING & CONSTRUCTION FOLLOWING AN AGGRESSIVE GROWTH STRATEGY, WHICH INCLUDED IN THE LAST DECADE THE ACQUISITION OF MANY CONSTRUCTION, TECHNOLOGY AND ENGINEERING COMPANIES, MOST PROMINENTLY OF SNAMPROGETTI, BOUYGUES OFFSHORE, SOFRESID AND MOSS MARITIME, SAIPEM HAS BECOME ONE OF THE WORLD LARGEST AND MOST COMPLETE ENGINEERING AND CONSTRUCTION COMPANIES IN THE GLOBAL OIL AND GAS MARKETS, ONSHORE AND OFFSHORE. 6 spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:43 Pagina 7 Ever since its initial steps in the fifties and numerous project execution installation; also revamps, upgradings, as the construction division of Snam, centres around the globe, and with maintenance, decommissionings, the pipeline company of the Eni Group yearly revenues exceeding 10 billion €/y; reclamations and decontaminations. in Italy, Saipem has pursued all held together by outstanding project a systematic growth strategy, based management skills. Saipem today operates in virtually every on the development of internal assets, world market, often in remote locations expertise and skilled resources, as well Through the involvement of our global with harsh environmental conditions as on the acquisition of other players EP(I)C hubs in Milan, Rome and Fano and challenging logistics, leveraging with their own asset bases, such as (Italy), Paris (France) and Chennai on its proven experience across the Micoperi in late eighties, and many (India), which operate in connection most significant product lines in the oil others. with a growing number of medium size and gas production onshore, offshore, and smaller regional engineering in deepwater; gas and oil In the last decade, Saipem has and project execution centres transportation via offshore and onshore continued its growth by acquiring employing altogether over 7,000 pipeline systems; midstream, refining, Bouygues Offshore and Sofresid in engineers, Saipem balances high chemicals, power generation from fossil France, Moss Maritime in Norway, IDPE project execution quality with a as well as from renewable sources; in India and Snamprogetti in Italy, competitive cost and - most importantly environmental industries, maritime and by carrying out a multibillion - with a major emphasis on local works and infrastructure. investment program into the expansion know-how and content. of its offshore construction and drilling This new series, therefore, outlines fleets. Since the year 2000, Saipem’s This well-integrated multicenter Saipem’s integrated references market capitalization has grown more approach provides a consistent design in engineering and construction than sixfold and its revenues tenfold.(*) and robust execution philosophy markets offshore and onshore, on all our projects worldwide. according to individual business The organizational integration of Top priority is provided throughout and technology lines. this considerable asset base, namely to all HSEQ aspects. the network of engineering centres, fabrication and support yards in several Saipem therefore offers a complete continents as well as the offshore range of project definition construction fleet, has been completed and execution services, offshore gradually over the years - most recently and onshore, particularly for with the creation of a unified Business the complex “mega-projects” required Unit Engineering & Construction, by the market today: from feasibility an entity with over 30,000 employees and conceptual studies to complex (excluding corporate and BU Drilling integrated solutions combining design, staff) from over 100 nationalities, engineering, procurement, field with over 60 permanent establishments construction, fabrication and offshore (*) Until Dec. 31, 2010 7 spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:43 Pagina 8 OFFSHORE PIPELINES TO DATE, SAIPEM HAS LAID MORE THAN 30,000 KM OF TRUNKLINES AND FLOWLINES, FROM ULTRA- SHALLOW TO DEEPWATER, THROUGH ITS S-LAY AND MORE RECENTLY THROUGH ITS J-LAY TECHNOLOGY. DURING THE YEARS, SAIPEM HAS EXPANDED ITS LEADING MARKET POSITION THANKS TO A LARGE, STATE-OF-THE-ART SPECIALIZED PIPELAYING FLEET, CONTINUOUSLYIMPROVED AND EXPANDED FOR DEEPWATER OPERATIONS, HARSH ENVIRONMENTS AND DIFFICULT AREAS. Saipem began its pipelaying activity growth of the area, Saipem laid the depth of 2,150 m: the most significant about fifty years ago in the 660 km long Europipe, bringing gas and challenging offshore deepwater Mediterranean Sea, with the operations from the Norwegian North Sea to pipeline ever completed. of the Castoro Lay Barge, an oil tanker Germany, and the 800 km long converted in a laybarge by Saipem in Zeepipe, among the longest pipelines in In the years 2000, Saipem introduced 1966 for the Huelva project in Spain. the world at that time. innovative solutions to deal with very The Company continued to be a major shallow water pipelaying in the Since its pioneering pipelines, Saipem player and laid several pipelines even Kashagan field (North Caspian Sea). has firstly expanded its presence after the peak of the North Sea market, The EPIC contract for a pipeline system throughout the Mediterranean, where including the Balgzand-Bacton pipeline was carried out in an isolated area, it performed large and challenging linking UK to Holland. characterized by freezing temperatures projects from North Africa to Europe: and environment conservation for example, in the late seventies, the Saipem’s positioning as a technology requirements. For this purpose, Saipem breakthrough Transmed project in 600 leader was reinforced with the developed a fleet of dedicated vessels, m water depths linking Algeria to Italy, investment, at the end of the nineties, many of them built locally, for then a world record for deepwater in the J-lay technology, first applied on pipelaying and post-trenching activities. pipelaying operations. Following this the Saipem 7000, allowing to lay in avant-garde construction, the pipeline ultra-deepwaters. Saipem’s worldwide coverage of technology has progressed towards Saipem 7000 is the largest heavy lift pipelaying operations includes today increasingly difficult environments. vessel on the market today, with a the vast areas of Asia Pacific and of the crane capacity of 14,000 tons operating Middle East, where the Company is With its growing fleet of pipelaying in dynamic positioning. deeply rooted and where it established vessels, Saipem became a leader also in the record of the longest pipeline in the the development of the North Sea oil & The J-lay tower was employed to lay Persian Gulf with the Dolphin project, gas infrastructures from the very the Blue Stream pipeline, linking Russia in 2004-2006. beginning of that market. to Turkey through the Black Sea with In the nineties, the period of strongest two 24” pipelines at a maximum water With the Medgaz project in 2006- 8 spm_SEAlin_L20_12_03_22:Layout 1 23-03-2012 16:44 Pagina 9 Castoro Lay Barge, a converted oil tanker, the first Saipem pipelayer (1966) 2009, linking Algeria to Spain in water tower capacity of 2,500 t, Castorone following the clients’ needs and depths up to 2,150 m, Saipem will be able to install pipelines and preferences. Moreover, Saipem can performed a new challenging project trunklines in water depths down to offer a package of additional services with dedicated solutions, both in the 3,000 m and to cope with the including: design and installation phases, to cope challenges of a new potential Trenching with the critical aspects related to the production area: the Arctic region. Backfilling water depth. Remotely Operated Vehicles (ROV) Today, Saipem’s pipelaying activity services Saipem is currently laying the huge is spread globally. Saipem has Inspection, Repair and Maintenance Nord Stream pipeline: two lines, each developed a strong presence in all (IRM) services one 1,224 km long, linking Russia to world basins. Thanks to a large and Germany through the Baltic Sea. advanced fleet of dedicated vessels, For example, underwater intervention Once completed at the end of 2012, Saipem has become one of the very capabilities and repair systems have the pipeline system will have the few really global contractors. been developed by Saipem during the capacity to transport 55 billion cubic years, allowing the Company to metres per year (Bcm/y) from the vast Saipem