Pros
The only pro would be if this is your only option other than being unemployed; only then would it be considered a "pro" because you would have money coming into your pocket. Espresso machines.
Cons
How much time do you have? The company cannot win projects with US-based companies because Saipem's ego gets in the way. All of their projects are with unstable countries in the GOM area, leading to inconsistent work. You better be Italian to be promoted (only 4 managers not from overseas). You better be ready to do some border-line illegal stuff. Saipem's business model is to have contracts with their clients, and then focus on creating changes to those contracts later on down the road, obviously in Saipem's favor. They used to have a profitable and respectable ROV department, but Saipem management decided to cancel that business because it's not sexy enough. No communication either inter-departments and intra-departments. No training, no development. I think they have one female in engineering. I'm pretty sure the positive comments written below in the past two years were created by the HR manager. Don't go to HR for anything. Don't even attempt to use SAP, nor ask; nobody knows how to do it. CEO will tell you they're done with layoffs, and then layoff 20 people within the next month. Don't bring up anything regarding harassment, being treated unfairly, even worker's comp situations...people got termed for these. All of a sudden, they had "poor" performance scores. And, the lead business development person just got a promotion without bringing in a single project in the past 2 years. He's italian.