Local content approach

For Saipem, promoting Local Content means contributing to the development of local communities, mainly by offering employment opportunities, training and the transfer of know-how, but also by working effectively with local vendors and subcontractors to create socio-economic value.

Saipem has always applied a comprehensive Local Content approach, since it is convinced that this is the key to its success. Maximising Local Content is a universally valid business principle that has gradually gained a foothold in all operating contexts, regardless of the demands of Clients and/or local institutions.

Besides this, as a contractor in the Oil&Gas industry, the nature of Saipem’s presence in an area takes on two main forms: firstly, a long-term presence where Saipem has construction yards or other fixed facilities; secondly, a mid-term or short-term presence in locations where Saipem is working on specific projects following the requirements of the Client.

The first form of presence is of course the most important component of Saipem’s strategy of maximising Local Content and, indeed, of the Company’s industrial model in general. Saipem is investing to reinforce and extend its network of fabrication yards throughout the world.

These are multi-disciplinary operating sites that ensure a timely and specific response to business needs arising in a given country. It is around these needs that, for its part, the Company can invest in boosting relations with local actors and participate in the development of local social and economic conditions. At present, Saipem has 10 operating yards. The Edmonton Yard (Canada) was opened in 2013 and the Guarujá Yard (Brazil) is under construction.

local employees