Saipem controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Algiers court fines Saipem companies
Fine or penalty
An Algiers court issued a first-instance ruling fining Saipem, Saipem Contracting Algérie and Snamprogetti Algeria Branch 192 million euros over the allocation of the GNL3 Arzew project in 2008. The companies said they would appeal; the source also reports Saipem said the fine was suspended pending appeal.
Source excerpt
An Algiers cpourt on Monday fined Italian multinational oilfield services company Saipem, Saipem Contracting Algérie and Snamprogetti Algeria Branch 192 million euros in a first-instance ruling on the allocation of the GNL3 Arzew project in 2008, the three companies said in a statement saying they will appeal.
Saipem, which is 30% controlled by oil giant Eni, said the fine would hit 2021 accounts even if it not levied having been suspended by the appeal.
Saipem has been fined $218 million by the Tribunal Of Algiers over alleged corruption on the 2008 GNL3 Arzew deal.
2021
Rivers State files criminal charges against Saipem companies
Lawsuit filed
In November 2021, the Rivers State Government brought criminal charges against Saipem SPA and Saipem Contracting Nigeria Ltd. The charges alleged conspiracy to cheat and intent to defraud the state of $130 million in advance payments made for a power plant project. The allegations were reported as charges brought by the state and were not presented as a court determination. The source did not report any verdict, ruling, or final outcome in the matter.
Source excerpt
The Rivers State Government has charged two construction firms, Saipem SPA and Saipem Contracting Nigeria Ltd, to court over an alleged conspiracy to cheat and with intent to defraud the state of the sum of $130million, being advanced payment for the construction of the OCGT power plant in Port Harcourt.
2020
Acquittal in Algeria case
The Milan Court of Appeal acquitted Saipem and the managers involved in the Algeria corruption case.
2018
Algeria corruption conviction
An Italian court convicted Saipem and former chief executive Pietro Tali over alleged bribes connected with Algerian business. The company was subject to seizure of approximately €197.9 million, while Tali received a prison sentence. The conviction was overturned on appeal.
2010
Nigeria LNG bribery investigation
Saipem agreed to pay a US$30 million penalty to settle a Nigerian investigation concerning alleged bribery linked to the construction of Nigeria LNG facilities. Related proceedings were also pursued in Italy.