
Saipem and Subsea7 to Merge: What the €43 Billion Backlog Means for Suppliers and Service Companies
Saipem and Subsea7 have confirmed their merger to form Saipem7, a €21 billion energy services powerhouse with a €43 billion project backlog and operations in over 60 countries. For suppliers, shipyards, engineering firms and manpower providers, the deal signals a major expansion in global offshore activity, particularly in subsea, offshore wind and heavy construction. With a combined fleet of 60+ vessels and €300 million in annual synergies targeted, the newly formed group is set to become a key force in energy transition and complex offshore delivery.