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Engineering & Construction

Excel downloads of Key Tables

Key performance indicators

    2010 2011 2012
Employees injury frequency rate (No. of accidents per million of worked hours) 0.45 0.44 0.54
Contractors injury frequency rate   0.33 0.21 0.17
Fatality index (No. of fatalities per 100 million of worked hours) 2.14 1.82 0.93
Net sales from operations (a) (€ million) 10,581 11,834 12,771
Operating profit   1,302 1,422 1,433
Adjusted operating profit   1,326 1,443 1,465
Adjusted net profit   994 1,098 1,109
Capital expenditure   1,552 1,090 1,011
Orders acquired (€ million) 12,935 12,505 13,391
Order backlog   20,505 20,417 19,739
Employees at period end (units) 38,826 38,561 43,387
Employees outside Italy (%) 87.3 86.5 89.2
Local managers   45.3 43.0 42.3
Local procurement   61.3 56.4 51.8
Healthcare expenditure (€ thousand) 19,506 32,410 21,236
Security expenditure   26,403 50,541 81,777
Direct GHG emissions (mmtonnes CO2 eq) 1.11 1.32 1.54
  1. Before elimination of intragroup sales.

Performance of the year

  • The percentage of manager positions covered by local personnel is higher than 40% of total manager positions, except for France and Italy, reflecting however fluctuations due to he opening of new yards and short-term projects.
  • The overall amount of procurement was €9,584 million, of which €7,802 million related to operating projects, 51.8% of which was procured with local suppliers.
  • In 2012 the employees injury frequency rate worsened from 2011 (by 22.7%) while it improved for contractors by 19%. Saipem continues to strive to mitigate and reduce accidents and injuries to its employees and contractors by means of training and awareness campaigns, such as the “Working at height”, the dedicated HSE training portal and training courses for crane operators.
  • Safety and environment expenditure increased by 24% from 2011 (from €83 million to €103 million).
  • In 2012 the Engineering & Construction sector reported adjusted net profit amounting to €1,109 million, in line with 2011 (up 1%). This result reflects the good operating performance recorded mainly in the Drilling businesses deriving from the full operations of Scarabeo 9 and to greater profitability from the Saipem 10000 vessel, almost totally offset by the decline in performance of the Engineering & Construction business due to falling demand for oilfield services and lower margins at certain works related to the general downturn especially in the second half of the year.
  • Capital expenditure amounted to €1,011 million (€1,090 million in 2011) and mainly regarded the upgrading of the drilling and construction fleet.
  • In 2012 overall expenditure in R&D amounted approximately to €15 million in line with 2011. A total of 13 new patent applications were filed.

Activity of the year

  • Orders acquired amounted to €13,391 million (€12,505 million in 2011), of which 96% represented by projects to be carried out outside Italy, while orders from Eni companies amounted to 5% of the total.
  • Order backlog amounted to €19,739 million at December 31, 2012 (€20,417 million at December 31, 2011), of which € 10,943 million to be carried out within 2013. The decline in order backlog reflects the cancellation of the Jurassic contract (€700 million) in the third quarter of 2012 in the Engineering & Construction Onshore business.

Eni S.p.a. - Registered Head Office
Piazzaie Enrico Mattei, 1
00144 Roma

Branches
Via Emilia, 1
e Piazza Ezio Vanoni, 1
20097 - San Donato Milanese (MI)

VAT number
n. 00905811006

Company share capital
€ 4.005.358.876,00 paid up.

Rome Company Register
Tax Identification Number. 00484960588

Mission
We are a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. Eni men and women have a passion for challenges, continuous improvement, excellence and particularly value people, the environment and integrity.