Country
Italy
Sector
Construction / Engineering
Intelligence Type
Corporate
Status / Stage
Active
Confidence
Confirmed
Latest Development
Italy’s largest O&G engineering and construction company — lead EPC contractor for Nigeria LNG Train 7 ($4.5bn, Bonny Island), one of the largest single EPC contracts ever awarded on the African continent. Also active on subsea and offshore projects across Angola and Mozambique.
Company Profile
Company TypePublic
HeadquartersMilan, Italy
Countries of OperationNigeria (NLNG Train 7); Angola; Mozambique; Egypt; Algeria; Saudi Arabia
Founded1957
Websitesaipem.com
Key ExecutivesAlessandro Puliti (CEO)
Employees~30,000
Revenue~$12bn (2024)
Market Capitalization~$4bn (Milan August 2026)
Key Developments
Lead EPC on NLNG Train 7 (Nigeria, $4.5bn, Bonny Island) — first LNG expected 2026-2027. Previously led NLNG Trains 4, 5 and 6. Active on Angola and Mozambique subsea.
Key Risks
NLNG Train 7 is >40% of Saipem's Africa backlog. EPC cost inflation and supply chain delays affect margins.
What Happens Next
NLNG Train 7 first LNG commissioning — Saipem's biggest Africa milestone.
Commercial Opportunity Intelligence
Opportunity SignalMost experienced LNG EPC contractor in Nigeria — Train 7 delivery determines future competitive position.
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Saipem press releases; NLNG official; Africa Oil Gas Report
Source Date2021–2026