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Saipem's board approves incorporation of Saipem Energy Services

Italian contractor Saipem announced that the Board of Directors' resolution of July 27, 2011 approving the merger by incorporation into Saipem S.p.A. of Saipem Energy Services S.p.A., is available to the public at the Company's registered office and at Borsa Italiana S.p.A. (www.borsaitaliana.it), or can be downloaded from Saipem's website www.saipem.com.

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.



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