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    SPM   IT0005252140

SAIPEM S.P.A.

(SPM)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/25 09:28:08 am
1.928 EUR   +1.42%
01/18Saipem - Financial Calendar 2022
AQ
01/13Saipem announces the 2022 - 2025 four-year strategic plan
AQ
01/11Saipem Secures $1.1 Billion of Offshore Contracts in Australia, Guyana
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Saipem Wins $750M Contract for Jafurah Gas Field

12/01/2021 | 09:08am EST

Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia.

The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia. Saipem will also build a system to transport water associated with the separation of the treated gas. The contract has a total value of approximately USD 750 million.

The EPC (Engineering, Procurement, Construction) contract includes the engineering, supply of materials, construction, and commissioning of approximately 835 km of pipelines for the transportation of gas, condensate and production water.

Francesco Caio, Saipem's CEO, commented: 'The award of this new project from Aramco consolidates a long-standing relationship and Saipem's strategic positioning in the Middle East. The agreement confirms the trust and appreciation of our customers in the project management capacity and in the cutting-edge engineering and technological services that Saipem is able to offer'.

Contact:

Tel: +202 2785 0023

Fax: +202 2591 8044

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SAIPEM S.P.A. 1.76% 1.933 Delayed Quote.3.04%
SAUDI ARABIAN OIL COMPANY -0.55% 36.3 End-of-day quote.1.40%
All news about SAIPEM S.P.A.
01/18Saipem - Financial Calendar 2022
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01/13Saipem announces the 2022 - 2025 four-year strategic plan
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2021Saipem, award of $750 million contract for Jafurah gas field
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Analyst Recommendations on SAIPEM S.P.A.
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Financials
Sales 2021 7 427 M 8 377 M 8 377 M
Net income 2021 -1 007 M -1 136 M -1 136 M
Net Debt 2021 1 682 M 1 897 M 1 897 M
P/E ratio 2021 -1,92x
Yield 2021 0,04%
Capitalization 1 881 M 2 128 M 2 122 M
EV / Sales 2021 0,48x
EV / Sales 2022 0,44x
Nbr of Employees 32 000
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 1,90 €
Average target price 1,90 €
Spread / Average Target 0,10%
EPS Revisions
Managers and Directors
Francesco Caio Chief Executive Officer, Director & GM
Antonio Paccioretti CFO & Manager-Financial Reporting
Silvia Merlo Chairman
Paul Simon Schapira Independent Non-Executive Director
Roberto Diacetti Independent Non-Executive Director
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