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Saipem awarded a new Onshore E&C contract in Oman worth approximately 750 million USD

San Donato Milanese (Milan), February 15, 2018 – Saipem has been awarded a new contract in the onshore
E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construction
and commissioning under Package 3 “Offsite Facilities” in the framework of the development of the Duqm
Refinery situated near the coast in the north east of Oman.

The contract was awarded by Duqm Refinery and Petrochemical Industries Company L.L.C, a Joint Venture
between the Oman Oil Company (OOC), the national oil company, and Kuwait Petroleum International
(KPI). Once completed, the refinery will have a capacity of around 230,000 barrels per day.

Stefano Cao, Saipem CEO, commented: “We welcome with particular satisfaction the awarding of this
new contract which signals the relaunch of our activities in Oman, a country in which Saipem has
operated successfully in the past”.

Saipem is a world leader in drilling services, as well as in the engineering, procurement, construction and
installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The
company has distinctive competences in operations in harsh environments, remote areas and deep water.
Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has
distinctive capabilities and unique assets with a high technological content.

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