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Saipem
(43% owned by Eni) is a leader in the provision of Engineering,
Procurement, Project Management and Construction services for the Oil &
Gas Industry, with unique capabilities in designing and executing large
scale offshore and onshore projects. Saipem has a strong bias for
operating in deepwater and remote areas. It has significant
technological competence in gas monetization and heavy oil exploration.
SIP history starts in
1983, as part of IDEA Ltd, a Company floated by managers from BHEL
providing project services primarily to Power projects.
In late 80’s, IDEA
Ltd established co-operation with Lummus Crest and developed
capabilities in Process plants, particularly in the Oil & Gas
downstream sector, and executed projects both for domestic and
international clients.
IDEA Ltd then became a
member of Babcock Borsig Group, Germany in 1993 and continued to provide
engineering and project services to Power and Process plants.
From 1998, a growing
partnership started with Bouygues Offshore s.a., France (currently
Saipem s.a.).
The Process division
of IDEA was spun-off as a separate company in May 2001 to focus on Oil &
Gas industry. Taken over by Saipem s.a. In March 2003, the company has
changed its name to become Saipem India Projects (SIP) Limited in
Jan 2004 and relocated in a world-class building.
The development of SIP
within Saipem has been illustrated by :
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Significant growth of resources
(from a manpower
strength of 170 in 2003 to over 800 in 2009)
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Competencies
extended to Oil & Gas onshore and offshore
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Cryogenic tanks
expertise developed and serving all Saipem cryogenic projects
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Self-supported
Project Center set-up capable to execute full projects from Chennai
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