Saipem acquires ultra-deepwater drillship

19 Feb Saipem acquires ultra-deepwater drillship

(Oilandgaspress) – Saipem announces that it has reached an agreement with Deep Value Driller AS (“DVD”) on the main terms and conditions for the acquisition of the seventh generation mobile offshore drilling unit Deep Value Driller. The agreed purchase price amounts to 272.5 million USD. The Deep Value Driller is currently subject to a bareboat charter agreement between Saipem (Portugal) Comércio Marítimo, Sociedade Unipessoal, Lda (a subsidiary of Saipem S.p.A.) and DVD until 31 July 2026 and is operating in Indonesia.

The execution of the related binding agreement is, among other things, subject to approval by the Boards of Directors of Saipem and DVD. Completion of the transaction is expected to occur, at the latest, by the expiration of the existing bareboat charter, set for 31 July 2026.

The acquisition is in line with Saipem’s strategy to strengthen its offshore drilling fleet while maintaining a disciplined approach to capital allocation.

Information Source: Read More

Oilandgaspress ,Oil and Gas , Energy , Climate, Gas,Renewable, Sustainability, Oil Price, LPG, photovoltaic, wind, solar thermal, hydropower, biomass.