Saipem sees its future in the renewable sector

By Staff reporter 21 April 2017

Italian oil and gas industry contractor Saipem is ready to open new lines of business beyond the oil sector, which is facing high levels of uncertainties, the company’s Chief Executive Stefano Cao said on Friday during its Q4 results presentation.

Cao highlighted the renewable sector and the decommissioning of oil and gas platforms as interesting business opportunities.

"We can offer the turnkey development of big wind plants in the North Sea and stripping operations of platforms," Cao said.

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