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Saipem S.p.A. (SPM.MI)

Milan - Milan Delayed Price. Currency in EUR
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3.628+0.182 (+5.281%)
At close: 5:41PM CEST

Saipem S.p.A.

Via Martiri di Cefalonia, 67
San Donato Milanese
Milan, MI 20097
Italy
39 02 44231
http://www.saipem.it

SectorBasic Materials
IndustryOil & Gas Equipment & Services
Full Time Employees34,472

Key Executives

NameTitlePayExercisedAge
Mr. Stefano CaoChief Exec. Officer and Non Independent Director618kN/A66
Mr. Giulio BozziniChief Financial and Strategy OfficerN/AN/AN/A
Mr. Alberto Maria ChiariniCompliance OfficerN/AN/A54
Mr. Gaetano ColucciSr. VP of Public Affairs & CommunicationN/AN/AN/A
Amounts are as of December 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Saipem S.p.A., together with its subsidiaries, engages in the engineering, construction, procurement, and drilling businesses worldwide. It offers engineering, procurement, project management, construction, and drilling services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets. The company offers offshore engineering and construction products and services, including platforms, pipelines, subsea field developments, and MMO activities; and designs and constructs hydrocarbon production facilities, hydrocarbon treatment facilities, and large onshore treatment and transportation systems and facilities. It also provides offshore and onshore drilling services in deep water, in frontier, and remote areas and environment for oil and gas industries, national companies, and independent operators; floating facilities, including floating production storage units, floating LNG units, and floating production units; and drilling facilities, such as semi-submersibles, tension leg platforms, and dry tree units. In addition, it engages in the fabrication and integration, offshore hook-up and commissioning, and operation and maintenance of floating units. Further, it offers technologies for the gas monetization and heavy oil exploitation. As of December 31, 2016, the company’s offshore drilling fleet consisted of 14 vessels, including 7 deep-water units, 2 high specification jack-ups, 4 standard jack-ups, and 1 barge tender rig; and onshore drilling rig fleet comprised 100 units. The company is headquartered in Milan, Italy.

Corporate Governance

Saipem S.p.A.’s ISS Governance QualityScore as of September 1, 2017 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 1; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.