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Saipem is entering Namibia with Portugal's Galp, CEO says



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Oct 24 (Reuters) -Saipem SpA SPMI.MI executives in post-results conference call:

  • SAIPEM CEO SAYS BULK OF Q3 ORDER INTAKE RELATES TO UPSTREAM OFFSHORE E&C PROJECTS IN SAUDI ARABIA AND QATAR

  • SAIPEM CEO SAYS MAIN ORDERS THIS YEAR ARE IN UPSTREAM, MORE THAN HALF FOR OPTIMISATION, MAINTENANCE OF EXISTING OIL & GAS FIELDS

  • SAIPEM CEO SAYS GROUP IS ENTERING NAMIBIA WITH GALP

  • SAIPEM CEO SAYS GROUP CURRENTLY HIRING ENGINEERS AND ALSO EXPANDING ITS FLEET ON A CHARTERED BASIS

  • SAIPEM CFO SAYS GROUP AIMS TO IMPROVE FINANCIAL SITUATION IN ORDER TO TRIGGER POTENTIAL CREDIT RATING UPGRADES


Further company coverage: SPMI.MI


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