Saipem America wants offshore oil and gas explorers to leave the diving to them. A part of the Italy-based Saipem (itself a unit of Eni) Saipem America specializes in subsea construction, remote systems intervention, remotely operated underwater vehicles (ROVS), and cable and pipeline trenching. It also provides engineering, installation, and maintenance services to international offshore oil and gas companies. Services provided by Saipem America's construction unit run the gamut from umbilical pipeline tie-ins to extensive subsea structures. Parent Saipem has a core fleet of ROVs, drilling vessels and specialty vessels (ice-breakers, seismic surveyors, ROV support, etc.) to support operations around the world.
Saipem America provides project management, engineering, procurement and a complete range of construction services for conventional offshore, subsea and deepwater developments in the Gulf of Mexico, Caribbean, and Central and South America regions.
The BP Deepwater Horizon rig disaster in the Gulf of Mexico in 2010 and the subsequent moratorium on deepwater drilling limited demand for company's ROVs and subsea services, resulting in lower overall 2010 and 2011 revenues for Saipem America.
To improve operating efficiencies, in 2011 Saipem merged its Saipem Energy Services unit into the parent company.
The company fulfills its subsidiary function by building equipment and securing contracts for oil and gas support activities in the Americas, primarily in the Gulf of Mexico.
Saipem America is a subsidiary of Saipem S.p.A, which in turn is a subsidiary of Eni S.p.A. – less