Saipem has renewed its collaboration agreements with Petrojet and Enppi, Egyptian companies with which it has a long history of partnership in the execution of projects in North Africa and the Middle East.

The signing of the agreements took place during the Egypt Petroleum Show 2023, the most important exhibition and conference on oil, gas and energy in Africa and the Mediterranean, which was held in Cairo from 13-15 February.

The Memorandum of Understanding signed with Petrojet, which renews the one signed in 2020, relates to the pursuit of potential new initiatives in the oil&gas, infrastructure and new energy sectors in North Africa, where investments are expected to increase sharply in the near future. The MoU will enable Saipem to be more competitive in the region.

The Cooperation Agreement signed with Enppi, which renews the one already signed in 2019, regards the execution of co-engineering services for potential new initiatives to be pursued globally. The agreement will give Saipem access to local expertise and engineering services in Egypt, in an area with high development potential in energy infrastructure, including those related to the energy transition.

Both agreements consolidate Saipem's long-term relationship with leading Egyptian companies and will enable the partners to strengthen their respective competitiveness.

About Saipem

Saipem is an advanced technological and engineering platform for the design, construction and operation of safe and sustainable complex infrastructure and plants. Saipem has always been oriented towards technological innovation and is currently committed, alongside its clients, on the frontline of energy transition with increasingly digitalised tools, technologies and processes that were devised from the outset with environmental sustainability in mind. It is listed on the Milan stock exchange and operates in 70 countries around the world with 32 thousand employees from 130 different nationalities.