Saipem drops Deep Value Driller deal after third-party sale

Saipem has said that it volition nary longer prosecute the acquisition of the Deep Value Driller drill-ship aft Deep Value Driller AS, the proprietor of the vessel, informed the marketplace of its determination to merchantability to a third-party buyer.

Earlier this month, Saipem and Deep Value Driller AS reached an statement connected the main presumption and conditions for the transaction, with completion taxable to support from some companies’ Boards of Directors.

Saipem’s committee gave its authorisation for the woody connected 24 February 2026.

The vas is presently nether a bareboat charter betwixt Saipem (Portugal) Comércio Marítimo, Sociedade Unipessoal, a Saipem subsidiary, and DVD. The charter is acceptable to extremity connected 31 July 2026, with the portion presently operating successful Indonesia.

Following the cancellation of the agreement, Saipem said it reserves the close to prosecute immoderate ineligible enactment indispensable to support its interests and rights successful immoderate forum, without exception.

The institution stated successful its latest fiscal disclosures that cancelling the Deep Value Driller acquisition volition amended its post-International Financial Reporting Standards (IFRS) 16 nett fiscal presumption by €226m arsenic of 31 December 2025. It besides expects a simplification successful Right of Use assets.

Saipem besides confirmed that its guidance for 2026 remains unchanged, with gross forecast to beryllium astir €15.5bn. The company’s expected superior expenditure for this twelvemonth is anticipated to beryllium astir €450m, aft omitting the currency retired for the acquisition of the Deep Value Driller.

In October 2025, Saipem reported the grant and hold of respective offshore drilling contracts worthy up to $135m, supporting the company’s operations successful West Africa, the Mediterranean and the Far East.

The Santorini drill-ship volition stay progressive successful Ghana and Côte d’Ivoire for Eni Ghana Exploration & Production and Eni Côte d’Ivoire.

"Saipem drops Deep Value Driller woody aft third-party sale" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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