July 27 (LNGJ) - Saipem, the energy and LNG engineering firm specializing in subsea and field preparation activities, said second-quarter revenues increased by 57.3 percent to €2.36 billion ($2.24Bln). The backlog of contracts at the end of June came to €22.70Bln, including €7.75Bln in Offshore Engineering and Construction, €14.07Bln in Onshore E&C, and €885 million in Offshore Drilling.
“These results confirm the validity of the strategic and organisational choices, which have allowed us to intercept the opportunities of the new investment cycle in our reference sectors,” said Francesco Caio, Chief Executive of Saipem. The company has also now reorganized into four business divisions: Asset Based Services, Energy Carriers, Robotics and Industrialized Solutions, and Sustainable infrastructures and is consequently adjusting its future reporting structure.
