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Operating review

Saipem Group - New contracts awarded as at December 31
(€ million)
2009 2010
  Amount
%
Amount %
Saipem SpA 4,045 41 5,581 43
Group Companies 5,872 59 7,354 57
Total 9,917 100 12,935 100
Offshore 5,089 51 4,600 36
Onshore 3,665 37 7,744 60
Offshore Drilling 585 6 326 2
Onshore Drilling
578 6 265 2
Total 9,917 100 12,935 100
Italy 2,081 21 825 6
Abroad
7,836 79 12,110 94
Total 9,917 100 12,935 100
Eni Group
3,147 32 962 7
Eni Group
6,770 68 11,973 93
Total 9,917 100 12,935 100

New contracts

lenteZoom

New contracts awarded to the Saipem Group in 2010 amounted to €12,935 million (€9,917 million in 2009).

36% of all contracts awarded were in the Offshore sector, 60% in the Onshore sector, and 2% each in both the Onshore Drilling sector and the Offshore Drilling sector.

New contracts to be carried out abroad made up 94% and contracts awarded by Eni Group companies 7% of the overall figure. Orders awarded to the Parent Company Saipem SpA amounted to 43% of the overall total.

The backlog of the Saipem Group as at December 31, 2010 stood at a record level of €20,505 million.

The breakdown of the backlog by sector is as follows: 27% in the Offshore sector, 52% in the Onshore sector, 16% in Offshore Drilling and 5% in the Onshore Drilling sector.

94% of orders were on behalf of overseas clients, while orders from Eni Group companies represented 16% of the overall backlog. The Parent Company Saipem SpA accounted for 55% of the total order backlog.

Saipem Group - Backlog as at December 31
(€ million)
2009 2010
    Importi % Importi %
Saipem SpA  9,574 51 11,242 55
Group companies
  9,156 49 9,263 45
Total   18,730 100 20,505 100
Offshore  5,430 29 5,544 27
Onshore  8,035 43 10,543 52
Offshore Drilling
  3,778 20 3,354 16
DOnshore Drilling  1,487 8 1,064 5
Total   18,730 100 20,505 100
Italy   1,341 7 1,310 6
Abroad
  17,389 93 19,195 94
Total   18,730 100 20,505 100
Eni Group
  4,103 22 3,349 16
Third Parties
  14,627 78 17,156 84
Total   18,730 100 20,505 100