BAKU, Azerbaijan, February 17. Italian
engineering and energy contractor Saipem announced that it has
reached an agreement with Deep Value Driller AS (DVD) on the main
terms for the acquisition of the seventh-generation mobile offshore
drilling unit Deep Value Driller for $272.5 million, Trend reports
via the company.
The unit is currently operating in Indonesia under a bareboat
charter agreement between Saipem’s Portuguese subsidiary and DVD,
valid until July 31, 2026. The completion of the transaction is
expected by the expiration of the current charter and is subject to
approval by the boards of both companies.
The acquisition is part of Saipem’s strategy to strengthen its
offshore drilling fleet while maintaining a disciplined approach to
capital allocation.
Saipem, listed on the Milan Stock Exchange, is a global leader
in engineering and construction for the energy and infrastructure
sectors, both offshore and onshore. The company operates five
fabrication yards and an offshore fleet of 17 construction vessels
and 12 drilling rigs, of which nine are owned. Its business is
organized into several lines, including Asset-Based Services,
Drilling and Sonsub, Energy Carriers, Offshore Wind, and
Sustainable Infrastructures.
With a workforce of about 30,000 employees across more than 50
countries, Saipem emphasizes technological innovation and
sustainable engineering, supporting clients in the energy
transition towards Net Zero using digital technologies and
environmentally sustainable processes.
