21st century
In the 21st century, Saipem carried on a number of acquisitions, culminating in the purchase of Bouygues Offshore for $1 billion in 2002.[12] In 2006 Saipem merged with Snamprogetti, a subsidiary of Eni specializing in the design and execution of large scale offshore projects for the production and transportation of hydrocarbons. Through the merger, the new group strengthened its position in West Africa, Middle East, Central Asia, and South East Asia and acquired significant technological competence in gas monetization and heavy oil exploitation.[13]
In 2001-2003, Saipem built the offshore section of Blue Stream, a major trans-Black Sea gas pipeline that carries natural gas from Russia into Turkey.
In 2003-2004, Saipem built the Greenstream pipeline, connecting Libya to Sicily.
In 2006, Saipem completed the sealines of the Dolphin Gas Project, connecting Qatar's North Field to the United Arab Emirates and Oman.
In 2006-2008, Saipem laid down Scarabeo 8 and Scarabeo 9 ultra deepwater 6th generation semi-submersible drilling rigs, completed in 2011–12.
In 2011, Saipem completed the two 1,220 km gas sealines of Nord Stream 1, a system of offshore natural gas pipelines from Russia to Germany and the longest in the world.
In 2013, Saipem was awarded a $3 billion contract for the development of the Egina oil field, located approximately 150 km off the coast of Nigeria in the Gulf of Guinea; the contract included engineering, procurement, fabrication, installation and pre-commissioning of 52 km of oil production and water injection flow lines, 12 flexible jumpers, 20 km of gas export pipelines, 80 km of umbilicals, and of the mooring and offloading systems.[14]
On 8 February 2015, Saipem won a $1.8 billion contract to build two 95 km pipelines at the Kashagan field, linking the oil fields in the Caspian Sea to the mainland in Kazakhstan.[15] In November of the same year Saipem completed the pipelay on the 890 km gas export offshore pipeline for the Inpex-led Ichthys LNG project in Australia, what is said was the longest subsea pipeline in the southern hemisphere and the third longest in the world.[16]
In 2016, Eni sold a 12.5% stake in Saipem (retaining a 30% share though), that was acquired by CDP Equity, and subsequently allowed Saipem to scrap the old Eni logo and design its own, with the objective of creating a new, more autonomous company focusing on oilfield services.[17]
In 2019, Saipem entered the airborne wind energy or energy kite systems industry via an agreement with KiteGen.[18][19]
In May 2024, Saipem secured three new contracts worth $3.7 billion from TotalEnergies EP Angola Block 20 for the Kaminho deepwater project to develop Cameia and Golfinho oil fields.[20]
