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Saipem

CFD on the Saipem SpA (SPM.MI) stock quote.

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Product Type: Stock CFD
Sector: EnergyIndustry: Major Integrated Oil & Gas
Country: ItalyCurrency: EUR
Trading Hours: According to marketMeasurement Unit: Shares
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Description:

SAIPEM is an Italian oil and gas industry contractor based in Milan. It offers construction and offshore and onshore drilling services. The Company installs sub-sea pipelines, installs fixed platforms, manages complete onshore construction projects, and drills for oil mainly in Italy, Algeria, Nigeria, and the Arabian Peninsula. The company has designed and constructed a number of pipelines such as Blue Stream and Greenstream.

The company is listed on the Italian Borsa Stock Exchange and is a component of the Bora Italia.

Interesting Facts:

  • The company is based in over 60 countries and has over 46,000 employees.
  • Its fleet of onshore drilling rigs numbers approximately 110.
  • In April 2018 the company revealed it had been awarded a number of new rig contracts worth a total of nearly $200 million.