BIT:SPMEnergy Services
Assessing Saipem (BIT:SPM) Valuation After New Whiptail Subsea Contract Momentum
Event overview and why it matters for Saipem shareholders
Saipem (BIT:SPM) has awarded EnerMech a subsea pre commissioning contract for the Whiptail oilfield offshore Guyana, following Saipem’s earlier win to design, fabricate and install key subsea infrastructure for the same project.
See our latest analysis for Saipem.
The Whiptail work comes as Saipem’s share price has recorded a 19.02% 90 day return and a 17.69% 30 day return, while its 3 year total shareholder return of 114.85% contrasts...