BIT:SPMEnergy Services
Saipem (BIT:SPM) Valuation Check After Securing $4.0b EPCI Contract In A Softer Contracting Market
Event-driven interest in Saipem stock
Saipem (BIT:SPM) is back on investors’ radar after the Saipem–COOEC consortium secured a $4.0b EPCI contract in the upstream segment, even as global oil and gas contract volumes declined.
This sizable award, won during a 12% drop in global contract count from 6,993 in 2024 to 6,188 in 2025, is drawing attention to Saipem’s competitive position and order book visibility.
See our latest analysis for Saipem.
The latest contract win comes as Saipem’s share...