Saipem General 03 15

A Leading Oil & Gas Services Provider
September 2015
Contents
Highlights
HSE and Q
Business Model
Ownership
Financial Performance
Organization
Sustainability and Local Content

Strategy and Major Projects Under Way
Key Achievements and Activities
Saipem: A Leading Oil & Gas Services Provider
Saipem Today: A Major Multicultural E&C & Drilling Contractor

Operating in more than 60 countries
~ 46,000 employees from >130 nationalities
29 engineering and project execution centers worldwide
11 fabrication yards in 5 continents
Drill Ship
LNG Carrier
Oil & Gas

Production
LNG
Regasification
Gas Liquefaction
Plant
FSRU
Pipelayer
Refinery
Compressor
Station
FPSO
Power
Drilling Rig
Gas-to-Solids
Semisubmersible
Pipelay Vessel
Pipelaying
Field
Development Ship
Petrochemicals
Plant
Heavylift
Semisubmersible
Drilling Rig
Yard
Subsea Construction
Vessel
ROV
Remotely Operated Vehicle
Sircos - Pipeline
Repair System
Beluga - Deepwater
Trenching Machine
REVENUES
2014
2015 guidance
12.9 B
~12
B
BACKLOG
June 30, 2015
19.0 B
3
A Leading Global EP(I)C General Contractor

Engineering & Construction
Full service EP(I)C provider
Distinctive frontier focus in
Oil & Gas industries
Most modern, technologically
advanced offshore construction fleet
BUs Offshore, Onshore, Floaters
Drilling
High quality player onshore
and in niches offshore
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,
including groundbreaking deepwater
achievements
Drilling
Drilled over 7,300 wells,
of which 1,800 offshore
Global Presence with a Multilocal Emphasis
Paris
Rome
(1/2)
Milan
Fano
Chennai
EP(I)C Hubs
Engineering Centres
Yards & Main Logistic Bases
Other Main Areas and Rep. Offices
Global Presence with a Multilocal Emphasis
(2/2)
Human Resources
46,277 employees of 130 nationalities()
() 31st August, 2015

HSEQ Top Saipem Priority

LTI & TRI Frequency Rate 1999 2014
Company performance 1999 2014
350
300
5,000
250
4,000
200
3,000
million hours worked
LTI and TRI Frequency Rates
6,000
150
2,000
100
1,09
1,000
50
0.28
,000
Worked Manhours
LTI Frequency Rate
TRI Frequency Rate
- 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)
Moving to the next safety plateau
Saipems non-profit organization,

to sponsor HSE studies, training
programs, educational campaigns, etc.
Results and methodologies available to
the industry
Choose Life campaign

A campaign design to provoke Healthy Choices, specifically targeting 3 of the
critical health challenges facing a globally operating company today
Lifestyle
Transmitable deseases
Malaria
478 events
7 953 partecipants(*)
(*) June 30, 2015

10
Saipem Businesses and BUs
Offshore
BU
Onshore
BU
Floaters
BU
Drilling
Onshore
Offshore
BU
11
Contents
Highlights
HSE and Q
Business Model
Ownership
Organization
12
Saipem E&C: Complete Range of EPC/EPIC Services
PROJECT MANAGEMENT
FEASIBILITY
STUDIES
PROJECT
DEFINITION
TECHNOLOGY
LICENSES
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
13
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
14
Saipem Business Model
Supply of complex solutions for even the largest and most challenging projects
State-of-the-art
know-how
and top quality
engineering
High-tech fleet,
unique in global
markets
STRONG
PROJECT
MANAGEMENT
Broad, well-rooted,
sustainable presence
in strategic markets
worldwide
Maximum emphasis on Healthcare,

Safety, Environmental and Quality
values and culture
15
Saipem in Drilling
International drilling contractor operating both offshore and onshore
13th
2nd
largest contractor in offshore drilling,

largest contractor in onshore drilling international markets
member of
Specialization in deep water, harsh environments and remote areas
Offshore positioning
Onshore positioning
(total world*: 751 units, Apr. 15)
(total international markets*: 938 units, workover

excluded, Mar. 15)
*drillships, semisubs and jackups
*excluding North America, China and Russia
() 30th June, 2015

16
Saipems Assets: Major Engineering Centres

Saipem
(Milan Italy)
Saipem
(Paris France)
Saipem
(Rome Italy)
Saipem
(Fano Italy)
Saipem India Projects

(Chennai India)
Saipem Canada
(Calgary - Canada)
EP(I)C HUBS
ENGINEERING CENTRES
Moss Maritime
(Oslo - Norway)
Snamprogetti Romania
(Bucharest - Romania)
Xodus Subsea
(London UK and
> 10 other locations)
Snamprogetti
Engineering & Contracting
(Al-Khobar - Saudi Arabia)
Sofresid
(Regional Offices - France)
Saipem India Projects

(New Delhi - India)
Saimexicana
(Mexico City - Mexico)
Saipem
(Rijeka - Croatia)
Saipem do Brasil
(Rio de Janeiro - Brazil)
Saipem Contracting
Algrie
(Algiers - Algeria)
Saipem Indonesia
(Jakarta - Indonesia)
SA.LI.CO.
(Tripoli - Libya)
Saipem
(Vibo - Italy)
Deepwater Engineering
and Technology
(Luanda - Angola)
Saipem Contracting
(Nigeria)
(Lagos - Nigeria)
Saipem
(Sharjah - UAE)
17
E&C Typical Project Execution Strategy

PROJECT
Complexity
Size
Major Centre
leadership
on
large complex
projects
Major EP(I)C Hubs

Saipem
(Milan Italy)
Saipem
(Paris France)
Saipem
Saipem
(Rome Italy)
(Fano Italy)
Guidance
Saipem India
Projects
(Chennai India)
EP(I)C HUBS
ENGINEERING CENTERS
Subcontracting
Regional Engineering Centres

Local
leadership
on
small/medium
projects
18
Saipems Assets: Fabrication Yards
(*)
Edmonton Yards - Canada
Kurik Yard, Kazakhstan

Edmonton Yards - Canada
Kuryk Yard - Kazakhstan

Arbatax Yard - Italy
Rumaila Yard - Iraq
Dammam Yard - Saudi Arabia
Rumuolumeni Yard - Nigeria
Karimun Yard - Indonesia
Pointe-Noire Yard - Republic of the Congo

Soyo Yard - Angola
Ambriz Yard - Angola
Guaruj Yard - Brazil
Karimun Yard, Indonesia

Guaruj Yard
Brazil
Rumuolumeni Yard
Port Harcourt, Nigeria
Ambriz Yard,
Angola
Soyo Yard,
Angola
(*) Construction support facilities worldwide not included
19
Saipems Assets: Offshore Construction Vessels

Our offshore fleet exceeds 40 units
Ultra-Heavy Lifting
& Deepwater Pipelaying
Field Development / SURF

Lifting and DLB
Under
construction
Normand Maximus
Saipem 7000
Saipem FDS
Saipem 3000
Castoro Otto
Saipem FDS 2
Pipelaying
Castorone
Castoro Sei
Castoro 10
Castoro XI
20
Saipems Assets: Drilling Units

17 offshore units and more than 100 onshore rigs
Deep Water
Saipem 12000
Angola
Saipem 10000
Mozambique
Scarabeo 9
Angola
Scarabeo 8
Norway North Sea
Onshore
Scarabeo 5
Norway North Sea
Jack-Up
Perro Negro 8
Italy
Desert Environment
Algeria/Saudi Arabia
Kashagan Field - Kazakhstan
Heliportable Rig Ecuador/Per

Perro Negro 7
Saudi Arabia
21
Contents
Highlights
HSE and Q
Business Model
Ownership
Organization
22
Saipem Ownership
Market Cap. 3.9 Billion

@ December 31, 2014
Listed on Milan Stock Exchange
23
Contents
Highlights
HSE and Q
Business Model
Ownership
Organization
24
Financials (B)
NEW CONTRACT
ACQUISITIONS
REVENUES
BACKLOG
22.1
20.5 20.4
19.1
1.1
19.7
2.9
18.7
1.1
1.5
3.4
3.3
17.1
0.9
3.2
0.7
15.4
11.2
0.47
9.3
0.3
0,4
10.1 10.3
0.4
0.5
0.6
0.6
12.3
1.1
0.8
0.8
12.9
11.9
0.7
1.2
10.7
0.3
0.8
0.8
9.9
1.6
4.8
5.3
3.9
3.2
4.3
10.7
5.0
0.9
8.0
11.2
9.2
1.4
8.3
2.6
5.4
6.6
5.5
5.8
6.1
5.4
3.5
1.0
0.1
0.4 0.2
5.1
3.7
9.3
8.7
7.1
7.5
4.6
4.4
3.5
9.6
10.0
3.7
4.5
6.1
6.7
10.5
2.3
0.8
4.0
0.4
0,5
5.3
1.0
3.4
7.5
4.5
7.2
5.4
0.6
12.9
0.4
6.1
5.2
5.1
0.9
7.7
6.1
5,1
5.1
13.4
12.5
0.6
6.2
6.7
4.1
0.6
3.8
0.3
0.4
0.3
0.3
0.6
2.2
6.0
12.9
1.2
1.2
0.7
7.3
3.5
0.7
0.8
3.8
3.4
13.9
13.4
12.6
2.5
1.2
3.8
0.7
6.4
19.0
1.1
1.5
18.0
0.9
1.4
4.7
4.2
4.2
2006
2007
3.5
3.4
2.7
2006
2007
2008
2009
2010
2011
2012
2013
2014 1HF15
2006
2007
2008
2009
2010
2011
2012
2013
2014 1HF15
2008
2009
2010
2011
2012
2013
2014 1HF15
25
Major Global E&C Companies in Oil & Gas Markets

Revenues in 2014 (B )
26
Balanced Exposure to Oil & Gas Industry: Backlog Analysis

TOTAL BACKLOG AS OF December 31, 2014 = 22.1 B
BY GEOGRAPHIC
AREA
1%
BY
CLIENT
24%
18%
BY COUNTRY WITH MAJOR

LOCAL-CONTENT FOCUS
6%
9%
44%
25%
30%
19%
6%
8%
Middle East
America
Europe
Asia Pacific
West Africa
North Africa
CIS
13%
1%
36%
3%
48%
5%
4%
Saudi Arabia
Brazil
Nigeria
Angola
Canada
Kazakhstan
Other
National
Majors/Supermajors
Independents
Others
27
Contents
Highlights
HSE and Q
Business Model
Ownership
Organization
28
Company Organization
BOARD OF DIRECTORS
Chairman
P. A. COLOMBO
Chief Executive
Officer (CEO)
Internal Audit
S. CAO
L. SIRI
Chief Operating
Officer (COO)
Chief Financial
and Compliance
Officer (CFCO)
G. CASELLI
A. CHIARINI
Human Resources,
Organisation
and Services
for Personnel
Integrated
Risk Management
Procurement,
Contract and
Industrial Risk
Management
D. GALLINARI
A. RIVA
P. FORMICA
Quality
A. CAREDDU
Business
and Technology
Development
Public Affairs and

Communication
Health, Safety,
Environment
and Sustainability
D. BRKIC
C. PALLADINO
A. FORZAN
29
Saipem Operations
COO
G. CASELLI
COO
BU
Onshore
E. MAGNANI
BU
Offshore
S. PORCARI
Europe &
North Africa
C.I.S. & Caspian Sea
J. L. CHASSAGNE
a.i. G. CASELLI
Central Africa
Southern Africa
G. DALOISIO
L. FURINI
Office
Project and Post

Order
Management
A. GEBBIA
Engineering,
Technologies &
Commissioning
A. CIPELLI
BU
Floaters
Middle East
South East Asia

& Oceania
F. PALLAVICINI
G. SECCHI
G. MARTELLI
P. BARCLAY
E&C
Tendering
M. PANTALEONE
BU
Drilling
North America
South America
E. PALLIOTTO
V. TESTAGUZZA
L. CATTEDRI
30
Contents
Highlights
HSE and Q
Business Model
Ownership
Organization
31
Local Content Maximization

A cornerstone of Saipems business philosophy
Creation of long-term social and
economic value
Development of local skills
Effective engagement of
all stakeholders
Develop/invest in local
project execution centres

Engineering
Project Management
Prefabrication Yards
Procurement and Subcontracts
with Local Suppliers
Local hiring
Training, know-how transfer
Local partnerships
HSE, medical training
and assistance
Objective: deeply rooted local sustainable presence
32
Local Presence: Saipem in Nigeria - Since the 1960s

EP(I)C contracts with as many local resources as possible
Employees
In construction
Personnel employed by Saipem in Nigeria
Egina Field Development- Total Upstream Nigeria Ltd.

In construction
15.4 Km
16.4 Km
17.4 Km
Tunu: site camp
Rumuolumeni Base, Saipem prefabrication and

construction support yard at Port Harcourt
Okwori Field
Development
Scarabeo 3 - Addax
Southern Swamp
AG Solution
SPDC
33
Local Presence: Saipem in Canada

Full service project execution centre, with international reach
Upstream
Pipelines
Refining
Oil sands processing
Shale gas
Business model based on EPC

Innovative contractual and risk management schemes, new for the
Canadian market
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
34
Local Presence: Saipem in Iraq

Sajer, a JV with local partners, registered
in Iraq since 2009
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
Numerous projects under way

Central Metering and Manifold Platform Loadout
Iraq Crude Oil Export Expansion Project, South Oil Company
Iraq Crude Oil Export Expansion Project Phase 2, Basra Oil

Terminal, South Oil Company
4 EPC contracts for water treatment, processing plants and
pipelines for ExxonMobil Iraq Ltd.
In execution
Umm Qasr Marine Terminal rehabilitation, Inlet Booster

Compression Station, FCP Majnoon and other projects for
Shell/Basra Gas Company
In execution
Drilling Operations
Rumailah Camp Facilities
Technical service agreement to support Iraqi drilling company
35
Local Presence: Saipem in Brazil

EPIC contracts for the Lula Norte,
Sul and Extremo Sul Projects
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
Lula Extremo Sul Project
Rio Engineering Centre
New flagship Saipem FDS 2 vessel,

ideally suited for Pre-Salt ultra-deepwater project execution
FPSO Cidade de Vitoria
Developing new Guaruj Yard and Engineering

Centre in Rio
Guaruj Yard
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
Rio Polimeros Chemical
Complex (completed in 2005)
Guara & Lula NE Pipelines

Lula NE Cernambi
Fabrication of subsea and floating structures and supply of

support services to the specialized fleet and project execution
(Picture of Saipem FDS 2 vessel that will

perform the offshore activities)
36
Contents
Highlights
HSE and Q
Business Model
Ownership
Organization
37
Saipem Strategy
Excel in all steps of the oil & gas value chain, onshore and offshore, upstream and downstream,
as well as in selected diversified businesses
OIL & GAS

PRODUCTION
AND PROCESSING
OIL
PIPELINES
DRILLING
DOWNSTREAM
OIL REFINING
IGCC
GAS
LIQUEFACTION
LNG
REGASIFICATION
GAS-TO-LIQUIDS
POWER
GAS-TO-SOLIDS
PETROCHEMICALS
UPSTREAM
ONSHORE
OFFSHORE FIXED
FACILITIES
GAS
OFFSHORE
SUBSEA FIELD
DEVELOPMENT
FLOATERS
INDUSTRIAL
MARITIME
WORKS
INFRASTRUCTURES
ENVIRONMENT
& RENEWABLES
MAINTENANCE
& OPERATIONS
38
Advanced Subsea, Offshore and Onshore Technology Development

Subsea Field Architectures
SURF
FLNG tandem
offloading system
SIR Riser
Riser concepts : SIR, BIRD,

Forged ends PIP
Plastic liners : FBJ
Active heating for pipe in pipe
Welding
Subsea Processing
SpoolSep
Flowlines with PiP, heating,

liners,
Multipipe
Floaters
SPRINGS
Gas/liquid separation : Multipipe

Liquid/Liquid separation : SpoolSep
Seawater treatment: SPRINGS
Offshore LNG offloading

FLNG technologies
Dry tree Unit (WHB)
Advanced Welding & Pipelaying

Techniques
Ultra-shallow, ultra-deep, Arctic pipelaying

Productivity acceleration
Exotic and clad materials
Process Technologies
SpoolSep
Multipipe
FLNG facility
"Zero emissions" urea synthesis

Environment and remediation control
39
Mega-projects Under Way, Onshore
Khurais, Mazajili and Abu Jifan production centers expansion

Saudi Aramco, Saudi Arabia (Pictured: Khurais Field Development Project)
Socar & Turcas Aegean Rafineri Turkey (Vision 2023)

Jazan Refinery Pckgs 1&2,
Saudi Aramco, Saudi Arabia
Al-Zour New Refinery Project (NRP) Pckgs 4 & 5,
KNPC, Kuwait
Phase III
Chevron, LNG Loading Jetty Fertilizer Complex

Gorgon - Australia
Dangote Fertilizer Ltd.,
Nigeria
EPDM Rubber Plant
Versalis, Italy
Tunu
Okupushi
Benisede
Ogbotobo
Southern Swamp
Shedgum-Yanbu Pipeline, CNRL Horizon Secondary
Saudi Aramco, Saudi Arabia Upgrader, Phases II and III Associated Gas Solution
SPDC
South Caucasus Pipeline,
- Canada(Picture of CNRL Phase I)
Nigeria
Azerbaijan Georgia
Pipeline El Encino, Mexico
Water Pipeline System - Chile
40
Major EPC Projects Under Way, Onshore

High Speed Railway
RFI
Italy
Regasification Terminal
Polskie LNG Company
Poland
South Caucasus Pipeline Expansion

Shah Deniz Consortium
Azerbaijan-Georgia
STAR Rafineri A.S.

Grassroots Refinery
Turkey
West Qurna
ExxonMobil
Iraq
Zubair Gathering System

ExxonMobil
Iraq
EPDM rubber plant expansion

VERSALIS
Italy
Al-Zour New Refinery Project (NRP)

Packages 4 and 5
KNPC
Kuwait
Horizon Oil Sands

Canadian National Resources Ltd.
Canada
Rabigh II Complex
Saudi Aramco/Sumitomo
Saudi Arabia
Topolobampo Gas Pipeline

Transcanada
Mexico
Shedgum Yanbu Pipeline Loop 4&5

Saudi Aramco
Saudi Arabia
Pipeline El Encino,
Transcanada
Mexico
Jazan Refinery, Packg.s 1 and 2

Saudi Aramco
Saudi Arabia
Water Pipeline System

CODELCO
Chile
Shell Petroleum Development

Otumara-Saghara-Escravos
Gas Pipeline
Nigeria
Khurais Mazalij and Abu Jafan fields

New facilities
Saudi Aramco
Saudi Arabia
SSAGS Facilities
SPDC
Nigeria
Ammonia and Urea

production complex
Dangote Fertilizer Ltd
Nigeria
Litchendjili Gas Treatment Plant

Eni Congo
Congo
LNG GL3Z Arzew

Sonatrach
Algeria
Shah Gas Development Project

Abu Dhabi Gas Devel. Co. Ltd.
United Arab Emirates
0615
41
Mega-projects Under Way, Offshore and Floaters

Petrobras, Brazil
Pre-salt Projects
Lula Norte, Lula Sul, and Sapinhoa Norte and Cernambi Sul
Lula Extremo Sul Pipelines Guara & Lula NE Export Pipelinesand Riser Systems
Brazil (Pictured)
P55 Brazil (Pictured)
Recently
awarded
Two FPSOs for Kaombo - Field Dev. Project, Block 32

Total, Angola
Egina Field Development,

Total, Nigeria
Just
awarded
Shah Deniz Stage 2,

BP Exploration, Azerbaijan
First Deepwater
Field Developed in the
South China Sea
Castoro
Otto
FPU for Jangkrik

Complex Project Dev.
Eni M.B., Indonesia
Al Wasit Gas Program

Saudi Arabia
New offshore structures
(Part of Long Term Agreement)
Saudi Arabia
Ichthys Gas Export

Pipeline
Australia
Liwan 3-1 Field - China
(Picture of the Saipem FDS 2 vessel that

will perform the offshore activities)
42
Major EPIC and T&I Projects Under Way, Offshore and Floaters
Lakach field development
Pemex
Mexico
Various platform and pipeline installations

North Sea
Filanovsky Field
Export pipelines and T&I activities
Lukoil
Russia
Kashagan field Pipeline Installation

North Caspian Operating Company
Kazakhstan
Shah Deniz Stage 2

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

Arabiyah and Hasbah fields development
Saudi Aramco
Saudi Arabia
Long Term Agreement

Offshore Maintain Potential Program
Saudi Aramco
Saudi Arabia
FPSO Cidade de Vitoria

Petrobras
Brazil
(Leased - in operation)
New Offshore Structures

Saudi Aramco
Saudi Arabia
FPU for Jangkrik Complex Project

Eni Muarau Bakau
Indonesia
Sapinhoa Norte and Cernambi Sul

SLWR and FSHR
Petrobras
Brazil
Ichthys Gas Export Pipeline

INPEX
Australia
Sapinhoa Norte and Iracema Sul Project

Petrobras
Brazil
Egina Field Development

Total
Nigeria
FPSO Gimboa
Sonangol
Angola
(Leased - in operation)
FPSO Units for

Kaombo Field Dev.
Total
Angola
Kizomba Satellites Phase 2 Tiebacks

Esso
Angola
0615
43
Saipem Drilling Business Unit: Key Utilization Data
% of utilization
% of utilization
offshore drilling
onshore drilling
100%
100%
90%
90%
80%
80%
70%
70%
60%
60%
'09
'10
'11
'12
'13
'14
'09
'10
'11
'12
'13
deep water floaters
high specs jackups
heavy rigs
light rigs
mid water floaters
standard jackups
medium rigs
all fleet
'14
tender assisted
Utilization rate significantly higher than the average of competitors
44
Saipem Offshore Drilling Fleet Deployment
(July 2015)
Scarabeo 8
(6nd gen semi)
Scarabeo 5
(4nd gen semi)
S10000
(drillship)
Scarabeo 4
(2nd gen semi)
Scarabeo 6
(3nd gen semi)
Perro Negro 2 - 3 - 5
Perro Negro 4
Perro Negro 7 - 8
Scarabeo 3
(2nd gen semi)
Deep Water Floaters
TAD
Scarabeo 9
(6th gen semi)
Mid Water Floaters

High Specs Jackups
Scarabeo 7
(5th gen semi)
S12000
(drillship)
Standard Jackups
Tender Assisted
Logistic Bases
45
Saipem Onshore Drilling Rigs Deployment
(June 2015)
Kazakhstan
8 RIGS
Italy
2 RIG
Colombia
7 RIGS
Ecuador
3 RIGS
Peru
24 RIGS
Venezuela
28 RIGS
Mauritania
1 RIG
Tunisia
1 RIG
Turkmenistan
1 RIG
Saudi Arabia
28 RIGS
Congo
2 RIGS
Bolivia
4 RIGS
Chile
2 RIGS
46
Contents
Highlights
HSE and Q
Business Model
Ownership
Organization
47
Mega Oil Projects Upstream

Saudi Aramco, K.S.A.
Flagship projects to bring huge new gas
and oil production capacity on stream
quickly
Individual project values: > 2 bn $ each
Last years total awards: > 12 bn $
New Convertible contract structures:
FEED
(Cost-plus)
EPC
(Lump Sum)
With pre-agreed formulae
Khurais Oil Field: Saipem awarded 60%

of total investment
Source: Saudi Aramco (2007)
Qatif
Central Producing
Facilities
Khursaniyah
Processing
Facilities
Khurais WIPS
Qurayyah Sea
Water Treatment
Khurais Utilities
Package
Manifa Central
Processing
Facilities
48
Other Recent Large Oil & Gas Production Project Awards
Khurais, Mazajili and Abu Jifan production centers expansion

Saudi Aramco, Saudi Arabia
(Pictured: Khurais Field Development Project)
SPDC, Delta State, Nigeria
Southern Swamp Associated Gas Solution
Recently
awarded
In
progress
15.4 Km
16.4 Km
17.4 Km
Tunu: site camp
49
Floating Oil and Gas Production

Latest Award
Designed and completed:

9 new built floating production systems,
including 3 large scale projects with storage
capacity exceeding 2 million barrels of oil
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.
FPU for Jangkrik Complex Project

Eni Muara Bakau
Indonesia
Latest Award
Two FPSOs for Kaombo

Field Development Project,
Total, Angola
Total, Dalia FPSO, Angola
ExxonMobil, Erha
FPSO, Nigeria
50
Complex Integrated Offshore Fixed Facilities

Completed more than 100 offshore EPIC projects
over the last ten years, including several
challenging large-scale integrated complexes
EPIC flagship projects:

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

system, production platform
Al Wasit Field Development:
Close to
completion
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
Shah Deniz Stage 2
T&I of jackets, topsides and subsea production systems and

subsea structures; laying of over 360 km of pipelines; diving
support services; upgrading of main installation vessels
BP, Shah Deniz Field (general layout), Azerbaijan
Latest
Award
Under
Execution
South Oil Company, Iraq

Crude Oil Export Expansion
Project, Phase 2
Saudi Aramco, Saudi Arabia,

Agip Gas B.V., Libya

Bahr Essalam Full Field Development
(Picture of Castoro otto installing similar platform)
51
Platforms Installation
Saipem 7000 installing platform accommodation module
Sakhalin Island, Russia, integrated deck floatover installation
Installed 2.5 million tons of offshore structures
Heaviest lift record: 12,100 t integrated deck

Floatover and heavy lift techniques
Jacket launch
52
Subsea Deepwater Field Development

Under
Execution
Elf Petroleum Nigeria, Usan, Nigeria

EPCI of subsea system connecting
42 wellheads to FPSO, with export sealines
Egina Field Development - Nigeria
Currently
Under
Execution
Designed and executed more than 20 major

deepwater systems in the last ten years
Numerous high technology proprietary
solutions available for risers and flowlines
Under way:
Gazprom, Sakhalin 3, Russia

(*)
Not deepwater
Burullus Gas Company,

West Delta Deep Marine Project,
Egypt
(Picture of Saipem FDS operations in Egyptian waters)
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
53
Sonsub Remote Subsea Technologies

Full service deepwater intervention capabilities:
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
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)
Deepwater sealine repair system
Bar Protector
Dive support and
construction vessel
Innovator 250
Heavy duty ROV
Repsol, Spain, Prestige

Deepwater oil recovery
54
Refining and Heavy Oils Conversion

World-wide track record
37 grass-roots refineries
In the last decade, emphasis on
Bottoms-of-the-Barrel upgrading
30 hydrocrackers, H-Oil and LC Finers
Recent focus:
EST First Commercial Unit for Eni R&M
Staatsolie, Suriname, refinery expansion (modular)
2 desulfurization and amine units for
Pemex - Refinacion, Mexico
In
Execution
In
Execution
CNRL - Canada
In
Execution
In
Execution
Canadian projects
CNRL Horizon Upgrader Phases II and III - FEED and EPC
Reformer and Aromatics Complex

for Saudi Aramco/Sumitomo - Rabigh II, Saudi Arabia
Aegean Refinery Project
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
Eni - EST
Sannazzaro Refinery
Staatsolie Maatschappij
Suriname N.V.
In
Execution
Al-Zour New Refinery Project (NRP)

for KNPC Packages 4 and 5, Kuwait
55
IGCC-Integrated Gasification with Combined Cycle

Designed and built the two world largest IGCC plants 0n stream
Significant interrelationships EPC/Project Financing requirements
Integration of many technologies and proprietary equipment
Contributed to technology optimization and development
(E.g. Reactor redesign)
GE (then Texaco) and Shell technologies

Designing and building the world largest gasification project
Saudi Aramco Jazan IGCC
Latest Award
15 gasifiers, plus H2, ACR, Soot Ash Removal, Sulfur Recovery and other units
for new grassroots refinery in Jazan, KSA
Feed
Vapor
Oxygen
512 MWe
250 MWe
550 MWe
Syngas
Quench
water
Soot
water
View of a tipical Sulphur

Recovery Unit
ISAB, Priolo - Italy
Sarlux, Sarroch - Italy
Eni R&M
Sannazzaro - Italy
56
Gas to Market
Processing
20 Integrated Natural Gas Complexes
Designed and built > 200 process units
Abu Dhabi Gas Development Co.
Shah Gas Development Program
EPC Packages 2, 3, 5
Individual project values > 1 bn $
57
Gas to Market
Onshore Transportation Systems - Pipelines
Leading global E&C contractor
for oil and gas pipelines
Over 60,000 km of gas pipelines
> 90 compressor stations (~3,000 MW)
30,000 km of oil & product pipelines

Hawiyah Gas Pipeline System
Saudi Arabia
40 pumping stations (~2,100 MW)
BS 160 - Kuwait
BS 171 - Kuwait
1,400 km of water pipelines
11 Pumping Stations (~130 MW)
Topolobampo Gas Pipeline

Transcanada
Mexico
In Construction
Alinta - Australia
South Caucasus Pipeline

Azerbaijan Georgia,
Shas Deniz Consortium
Latest Award
Water Pipeline System

Kashagan - Caspian Sea
160 km, reaching heights of 3,000 metres

CODELCO, Chile
NAOC GTS4 - Nigeria
Latest Award
58
Gas to Market
Offshore Pipeline Systems
Completed
ahead of
schedule in April 2012
Nord Stream Gas Pipeline Baltic Sea

1224 Km, 48
Installation
underway
Castoro 6
On duty for Nord Stream
Saipem 7000
Leader in deepwater and shallow water pipelaying:

laid over 35,000 km of sealines
Designed and laid the most challenging offshore pipelines
since the 70s
Numerous complex mega-projects under way in Brazil,
Australia etc.
Inpex - Ichthys LNG Project - Australia

(Picture of Castorone vessel that will perform
the offshore activities)
New state-of-the-art, high productivity Castorone pipelaying

vessel
for very large diameter pipes in sub-arctic conditions and in deep waters
59
Flagship Integrated Mega-project: Kashagan Experimental Program

Kashagan Field
Major offshore and onshore integrated

project for the production of crude oil and
associated gas:
Offshore artificial islands for drilling, process and utility
facilities
Oil and gas export system
New onshore processing facility
Saipems scope:
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 Latest Award
60
Flagship Pipeline Integrated Mega-project: Sakhalin II

Client: Sakhalin Energy Investment Co. (SEIC)
Saipem main contractor - multibillion EPC contracts
Oil & gas twin 780 km land pipeline system
Oil: 24
Gas: 48
> 80 MM construction man-hours
Driven > 150 MMkm
Built over 5,000 km of temporary access roads

Several segments of sealines and subsea
power and communication cables
Offshore transportation and installation of

two massive integrated platform decks
Very challenging logistics:
Remote and inhospitable terrain

T < -45C, frost
Snow storms
Mountains, slopes >15
Start-up Dec. 2008
Shell CEO 2008

Safety Award
61
Gas to Market
LNG NG Liquefaction
1st multi-billion $ contract as Main
Completing start-up
Contractor to design and execute a

world class
4.7 MTPA LNG project
To date, designed and built 9 other

LNG trains, 35 MTPA total capacity
Several FEED and pre-EPC projects

under way for major new projects in
Canada, Mozambique etc.
Major synergies with Saipems

long-standing experience and
capabilities in marine works and
LNG tankage
RasGas, Ras Laffan - Qatar EPC

Trains 35
Arzew - LNG GL3Z - Algeria
NLNG, Bonny Island - Nigeria, Trains 16 EPC / Train 7 Plus
62
Gas to Market
LNG Import / Storage / Regasification
Extensive proprietary technology
and expertise
Designed and built:

12 world scale LNG terminals
More than 40 LNG tanks
Pioneer in new technologies for treatment,

storage, handling of liquefied gas
Canaport LNG - Canada
Close to
Completion
LNG Import Terminal

Zeebrugge - Belgium
LNG Import Terminal

Chengtoujiao, Guangdong - China
Fos Cavaou
Marseille - France
Polskie LNG Terminal

Swinoujcie - Poland
63
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
Petrobras, LNG FPSO, FEED
Several designs and FEED studies developed

and under way
Significant R&D effort way
Floating Hose Development with Trelleborg
OLT, FSRU Toscana, Italy
Azure, Deepwater LNG FPSO

for mild environments, Joint
Industry Project
Broadwater FSRU, USA,

pre-FEED and ITT preparation
64
Gas to Market
Gas-to-Liquids
Chevron Nigeria Ltd. - Escravos, Nigeria

One of three world scale GTL projects (34,000 bpsd)
Sasol process to produce premium diesel

from natural gas
ATR - New Syngas production technology

from Haldor Topsoe
Multibillion $ contract, in JV with KBR

Modules Fabrication in Abu Dhabi
Oxygen
Natural Gas + Steam
Single module
Module loading
Modules shipment
GTL site - Nigeria
GTL site - Nigeria
Syngas
65
Gas to Market
Ammonia Urea Complexes

Snamprogetti Urea Technology:
Ammonia
Urea
2,194 t/d
3,835 t/d
More than 130 licenses world-wide
Designed and built more than 30 large

Ammonia/Urea complexes
World largest complex in operation

(2 trains):
World largest single train complexes:

3 on stream
2 in design and construction
3 in design preparation
Engro Chemical Pakistan Ltd.
Daharki - Pakistan
Ammonia
Urea
Qafco-5 - Qatar
2 x 2,300 t/d
3,850 t/d
Jumbo single train - ready!
Ammonia 2 x 2,200 t/d

Urea
2 x 3,850 t/d
Dangote Complex,
Nigeria
>5,000 t/d
Urea
3,850 t/d
Urea
>5,000 t/d
Urea
Ammonia 2 x 1,750 t/d

Urea
2 x 2,530 t/d
Omifco - Oman
66
Petrochemicals
Ethylene (520,000 t/y)
LLDPE
(2 x 250,000 t/y)
Engineered and built most advanced

petrochemical plants
5 Ethylene
13 HD/LLDPE
10 LDPE
3 Styrene
Access to first class technologies

Univation
Dow
ExxonMobil
Versalis
Lummus Global
Latest Award
RIO POLIMEROS, Rio de Janeiro - Brazil
Expansion of the Ethylene Propylene Diene

Monomer plant
Versalis, Ferrara, Italy
Dushanzi
China
Ethylene
PE, Brindisi - Italy

UNIPOL
Qatofin - Qatar
LLDPE (450,000 t/y)
Petrochina
Dushanzi Petrochemical Co.
SSBR (100,000 t/y)
SBS (80,000 t/y)
67
Power Plants
Designed and built over 10,000 MW
(EPC basis)
Natural gas and syngas, combined and
single cycle, combined heat and power,
waste to energy
Italy, France, Algeria, Nigeria
Ansaldo, GE, Alstom, Siemens turbines
Ferrera Erbognone - Italy
Berrouaghia - Algeria
Ravenna - Italy
Dombasle - France
Okpai - Nigeria
Afam - Nigeria
68
Infrastructure
Italian High Speed Railway System
Milan-Bologna 182 km
Main Contractor for Design and Construction
(Single Contract > 6 B )
Inaugurated in 2008
Milan-Verona 112 km
Under Way
Basic and Front End designs completed EPC started on

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

EPC Railway Track
Milan-Bologna
Po river crossing
Calatrava
road bridge
Shah-Ruwais Railway track
69
Environment & Renewables

Business Line with core team of
dedicated specialists integrated into
global Saipem organization
Full Environmental Services Provider:
Contaminated sites remediation
Water and waste treatment plants and management
Ecology, monitoring and emissions abatement
Groundwater Treatment Plant

Porto Torres - Italy
CCS programs
Developing of new environmental and

renewable technologies and systems
Site Remediation
Priolo - Italy
Electrochemical
Remediaton Technology
Physical Barriers
at Porto Marghera - Italy
70
Marine Works
Shore-line facilities for onshore projects
Innovative structures
Optimization of overall facilities
layout
In-house specialist expertise:
Coastal Engineering
Structural Design
Hydraulic Testing
Foundation Engineering
Construction Methods
Guangdong LNG - China
Jetties & Berths
Breakwaters
Oil & Gas Marine Structures
Waterfront Developments
Ports & Container Terminals
Recent awards:
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
Costa Azul
Mexico
Tangier Harbour
Morocco
Melchorita LNG
Peru
71
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
72
Maintenance, Modifications & Operations

Global O&M Services around 3 main products:
1. Maintenance & Inspection Engineering
CMMS, Assets register, RCM, RBI
Spare parts management
Training services
Special studies
2. Operations & Maintenance Long-Term
Contracts
Technical expertise
QHSE continuous improvement plans
On-the-job training programs
Local content and nationalization
3. Modifications & Turnaround Projects

Project management
Engineering & procurement services
Fabrication support from local yards
Installation capabilities
Leverage on continuing in-country local presence

73

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Saipem General 03 15

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A Leading Oil & Gas Services Provider

Sustainability and Local Content

Saipem: A Leading Oil & Gas Services Provider

Saipem Today: A Major Multicultural E&C & Drilling Contractor

Oil & Gas

Saipem: A Leading Oil & Gas Services Provider

A Leading Global EP(I)C General Contractor

Saipem: A Leading Oil & Gas Services Provider

An impressive track record over more than 60 years

Engineering & Construction

Saipem: A Leading Oil & Gas Services Provider

Global Presence with a Multilocal Emphasis

Saipem: A Leading Oil & Gas Services Provider

Global Presence with a Multilocal Emphasis

46,277 employees of 130 nationalities()

() 31st August, 2015

HSEQ Top Saipem Priority

Company performance 1999 2014

million hours worked

LTI and TRI Frequency Rates

LTI Frequency Rate

TRI Frequency Rate

Saipem: A Leading Oil & Gas Services Provider

Moving to the next safety plateau

Saipems non-profit organization,

Saipem: A Leading Oil & Gas Services Provider

Choose Life campaign

(*) June 30, 2015

Saipem Businesses and BUs

Engineering & Construction

Saipem: A Leading Oil & Gas Services Provider

Key Achievements and Activities

Saipem: A Leading Oil & Gas Services Provider

Saipem E&C: Complete Range of EPC/EPIC Services

SAFETY, QUALITY MANAGEMENT

Saipem: A Leading Oil & Gas Services Provider

Saipem E&C: Complete Range of EPC/EPIC Services

Saipem: A Leading Oil & Gas Services Provider

Saipem Business Model

Maximum emphasis on Healthcare,

Saipem: A Leading Oil & Gas Services Provider

largest contractor in offshore drilling,

Specialization in deep water, harsh environments and remote areas

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

(total international markets*: 938 units, workover

*drillships, semisubs and jackups

*excluding North America, China and Russia

() 30th June, 2015

Saipems Assets: Major Engineering Centres

Saipem India Projects

Saipem India Projects

Saipem: A Leading Oil & Gas Services Provider

E&C Typical Project Execution Strategy

Major EP(I)C Hubs

Regional Engineering Centres

Saipem: A Leading Oil & Gas Services Provider

Saipems Assets: Fabrication Yards

Edmonton Yards - Canada

Kurik Yard, Kazakhstan

Kuryk Yard - Kazakhstan

Rumuolumeni Yard - Nigeria

Karimun Yard - Indonesia

Pointe-Noire Yard - Republic of the Congo

Guaruj Yard - Brazil