A semi-empirical equation of state for the freely jointed square-well chain fluid is developed. This equation of state is based on Wertheim''s thermodynamic perturbation theory(TPT) and the statistical associating fluid theory (SAFT). The compressibility factor and radial distribution function of square-well associating monomer are obtained from Monte Carlo simulations. These results are correlated using density expansion. In developing the equation of state the exact analytical expressions are adopted for the second and third virial coefficients for the compressibility factor and the first two terms of the radial distribution function, while the higher order coefficients are determined from regression using the simulation data. In the limit of infinite temperature, the present equation of state and the expression for the radial distribution function are represented by the Carnahan-Starling equation of state. This semi-empirical equation of state gives at least comparable accuracy with other empirical equation of state for the square-well monomer fluid. With the new SAFT equation of state from the accurate expressions for the monomer reference and covalent terms, we compare the prediction of the equation of state to the simulation results for the compressibility factor and radial distribution function of the square-well monomer and chain fluids. The predicted compressibility factors for square well chains are found to be in a good agreement with simulation data. The high accuracy of the present equation of state is ascribed to the fact that rigorous simulation results for the reference fluid are used, especially at low temperatures and low densities.