Saipem to acquire Deep Value Driller drill-ship for $272.5m

Saipem has signed an statement with Deep Value Driller AS (DVD) connected the main presumption for the acquisition of the Deep Value Driller, a seventh-generation mobile offshore drilling unit, for a acquisition terms of $272.5m (€230.43m) successful cash.

The vas is presently nether a bareboat charter statement betwixt Saipem (Portugal) Comércio Marítimo, Sociedade Unipessoal, a subsidiary of Saipem, and DVD.

The charter is scheduled to reason connected 31 July 2026, with the portion presently operating successful Indonesia.

DVD said that aft reviewing the disposable options and recognising that Saipem would not workout the acquisition enactment connected the archetypal terms, it entered into an statement with the Italian company. Furthermore, DVD said that its Board of Directors believes the statement delivers the astir favourable result for the company’s shareholders.

Finalisation of the transaction requires support from the Boards of Directors of some Saipem and DVD. Saipem expects to implicit the acquisition by the extremity of the existing bareboat charter term.

Saipem stated that the acquisition aligns with its strategy to heighten its offshore drilling fleet portion keeping a disciplined attack to superior allocation.

In December 2025, Saipem secured 2 offshore contracts successful Saudi Arabia totalling astir $600m nether its ongoing semipermanent statement with Aramco, issued done declaration merchandise acquisition orders (CRPOs).

The archetypal contract, CRPO 162, covers a 32-month play and includes the engineering, procurement, operation and installation of astir 34km of 20in and 30in-diameter pipeline.

In October 2025, Saipem obtained further offshore drilling contracts and extensions valued astatine up to $135m, expanding its beingness successful West Africa, the Mediterranean and the Far East.

The Santorini drill-ship continued operations successful Ghana and Côte d’Ivoire for Eni Ghana Exploration & Production and Eni Côte d’Ivoire. The vas maintained its activities earlier moving connected to its adjacent drilling duty successful the Mediterranean.

"Saipem to get Deep Value Driller drill-ship for $272.5m" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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