Saipan is expected to have strong order volume in 2026, considering a return to Venezuela

LootboxPhobia · 2026-02-25T12:43:38+00:00

Saipem SpA expects to see strong orders in 2026, with order volume remaining largely flat compared to 2025. The company will focus on deepwater operations and is preparing to return to Venezuela and potentially achieve order growth in Mozambique.

LootboxPhobia

2026-02-25 12:43:38

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Investing.com – Saipem SpA (MI:SPMI) expects 2026 to be a strong year for order intake, with order volume expected to be roughly the same as 2025, CEO Alessandro Puliti said during Wednesday’s earnings call.

Puliti told investors that the Italian energy services company is on track to achieve its 2028 goals. The company’s overall strategic focus is on deepwater operations.

Puliti said Saipem is ready to return to Venezuela to undertake onshore and offshore projects. This marks the company’s readiness to re-enter the South American market.

Regarding the company’s operations in Mozambique, Puliti stated that first-quarter backlog will not increase, but some growth may occur in the second quarter.

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