The company operates a fleet of 17 owned construction vessels and 13 drilling rigs, with 5 fabrication yards globally. Saipem is committed to supporting clients on the energy transition pathway towards Net Zero with digital means and processes geared for environmental sustainability. The company maintains a robust backlog and a fully booked construction fleet for 2026.
Cyborg Score Rationale
Saipem has a market capitalization of $7.62B and trailing twelve month revenue of $16.7B. The company maintains strong market positioning with strategic contracts in key regions and an ambitious energy transition strategy, though it faces cyclical industry headwinds and commodity price exposure.
Top Insights
Q3 2025 showed strong financial performance with revenue and EBITDA growth driven by offshore E&C operations and strategic project wins, with confirmed 2025 guidance and a fully booked construction fleet for 2026.
The company expects a turning point in the offshore drilling market, particularly in deepwater activities, with a significant ramp-up in demand from the second half of 2026 onwards.
Three key projects in Türkiye, Guyana, and Azerbaijan anchor recent order intake, including continued development of the Sakarya field and the Hammerhead development marking the 7th Exxon project in Guyana since 2017.
The company's purpose is 'Engineering for a sustainable future' with commitment to supporting clients on energy transition with increasingly digital means and technologies geared for environmental sustainability.
Named Competitors
SBM Offshore — Floating production systems and offshore engineering
Fluor — Engineering, construction and project management
McDermott International — Offshore engineering and construction services
JGC Holdings — Engineering and project management services
Recent Developments
(Oct 2025) Corporate Asset Purchase with Waha Oil for North Giallo Oil and Gas Plant Project in Sirte Basin, Libya
(Q3 2025) Secured key contracts in Türkiye (Sakarya field), Guyana (Hammerhead with Exxon), and Azerbaijan
(Aug 2025) Resumed drilling activities at Courseulles as planned
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