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SPM Saipem Spa

2.228
-0.097 (-4.17%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Saipem Spa BIT:SPM Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.097 -4.17% 2.228 2.227 2.26 2.362 2.238 2.31 44,868,347 17:00:00

Saipem Wins $1 Billion Onshore Contracts in Saudi Arabia, Nigeria

27/06/2012 11:01am

Dow Jones News


Saipem (BIT:SPM)
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By Liam Moloney

ROME--Saipem SpA (SPM.MI), Europe's biggest oil services company by market value, Wednesday said it had won onshore engineering and construction projects worth a combined $1 billion in Saudi Arabia and Nigeria.

In a statement, Saipem said the Saudi deal was for the expansion of the integrated refinery and petrochemicals complex in the city of Rabigh on the Western coast.

Saipem, which is controlled by Eni SpA (E), also said it got a contract for the Otumara-Saghara-Escravos pipeline project by Royal Dutch Shell PLC (RDSA) in Nigeria.

Write to Liam Moloney at liam.moloney@dowjones.com

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