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SAIPEM: New contract acquisitions and follow-up conference call on 2013 guidance

Saipem announces today that it has been awarded new contracts worth approximately €3.2 billion.
Saipem will host a follow-up conference call today in order to provide a detailed breakdown and clarifications on the 2013 guidance disclosed to the market on January 29th, 2013.

New contract acquisitions
From the end of November 2012 to date, Saipem has been awarded new contracts for a total value of approximately €3.2 billion. The portion of contracts awarded in December 2012 amounts to a value of €1.4 billion.

E&C Onshore
In Canada, Saipem has agreed with Husky Oil the lump sum price for the Sunrise Central Facility project, which Saipem is already developing.
In Nigeria, Saipem has signed an EPC contract with Dangote Fertilizer Ltd for a new ammonia and urea production complex to be realized in the Edo State, Nigeria. The scope of work encompasses engineering, procurement and construction of two twin production streams and related utilities and off-site facilities.
In addition, Saipem has signed further contracts and agreed to changes in the scope of work on existing projects, in Australia and Iraq.


E&C Offshore
In Saudi Arabia, Saipem has been awarded a lump sum contract by Saudi Aramco increasing the original scope of work agreed in early 2011 for the development of the Arabiyah and Hasbah fields, located in the Arabic Gulf. The new scope relates to extra work on the trunklines construction.
In the North Sea, Saipem has been awarded various T&I contracts by Statoil requiring the deployment of Saipem 7000 in both the Norwegian and British sectors.
Furthermore, Saipem has been awarded several minor contracts and agreed to changes in the scope of work of existing contracts, mainly in the Middle East, North Sea and West Africa.

Drilling Offshore
Saipem has signed contracts with Eni, for an approximate value €900 million, for the extension of the charter of the Saipem 10000 for a period of 5 years, starting from October 2014, and of the Scarabeo 4 for a period of 1 year, until August 2014.

2013 Guidance: detailed breakdown information
Based on the feedback from the financial community and Consob, a conference call and webcast, to provide a detailed breakdown of Saipem's guidance for 2013, will be hosted today at 6.00pm CET (5.00pm GMT, 12.00pm EST, 9.00am PST). The conference call and webcast can be followed on Saipem's website www.saipem.comby clicking on the 'webcast banner' on the home page or through the following URL: http://www.media-server.com/m/p/t7fkmjy4.
The documents presented during the webcast will be available to download from the webcast window and from the 'Investor Relations / Presentations' section of the www.saipem.comwebsite, about 15 minutes before the scheduled start time.

Saipem is organised into two Business Units: Engineering & Construction and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and execution of large-scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.
Saipem




 
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