CALGARY - September 21, 2011

Saipem Canada Inc. has been awarded a new onshore contract worth approximately $500 million.

Saipem Canada Inc., through which Saipem operates in Canada, has been awarded a new EPC Lump Sum contract by Canadian Natural Resources Ltd. (Canadian Natural).  The project consists of the engineering, procurement and construction of a Secondary Upgrader with a production capacity of 42,599 BPSD (barrels per stream day) of Hydrotreated Gas Oil, as part of the Horizon Oil Sands Project - Hydrotreater Phase 2 - in the Athabasca region of Alberta, Canada.

CALGARY June 7 - June 9, 2011 - Stampede BMO Centre, Booth 1147

CALGARY - December 4, 2010

Saipem SpA, Europe's largest oilfield service provider, has won a $1 billion oilsands contract for the Sunrise Energy Project.

The contract is for the engineering, procurement and construction of two plants that will produce a total of 60,000 barrels per day of bitumen, Milan based Saipem said Friday in a statement.

Saipem operates in Calgary through Saipem Canada Inc., which has been recruiting in Canada from its Calgary base. Saipem is 43 per cent owned by Italy's Eni SpA, Europe's fifth-biggest integrated oil and gas firm by market value.

CALGARY - March 15, 2010

A slurry pipeline uses flowing liquid (typically water) to carry entrained solids in a pipeline. The CO2 Slurry Pipeline Project proposes using CO2 instead of water. CO2 at pressure in a pipeline flows as a liquid and is a more efficient carrier fluid than water because it:

• Is less abrasive than water (pipelines can last two to three times longer);
• Can carry a greater volume of material than water; and
• Is cheaper to de-slurry (solids are delivered dry rather than wet).