BAKU, Azerbaijan, February 17. Italianengineering and energy contractor Saipem announced that it hasreached an agreement with Deep Value Driller AS (DVD) on the mainterms for the acquisition of the seventh-generation mobile offshoredrilling unit Deep Value Driller for $272.5 million, Trend reportsvia the company.
The unit is currently operating in Indonesia under a bareboatcharter agreement between Saipem’s Portuguese subsidiary and DVD,valid until July 31, 2026. The completion of the transaction isexpected by the expiration of the current charter and is subject toapproval by the boards of both companies.
The acquisition is part of Saipem’s strategy to strengthen itsoffshore drilling fleet while maintaining a disciplined approach tocapital allocation.
Saipem, listed on the Milan Stock Exchange, is a global leaderin engineering and construction for the energy and infrastructuresectors, both offshore and onshore. The company operates fivefabrication yards and an offshore fleet of 17 construction vesselsand 12 drilling rigs, of which nine are owned. Its business isorganized into several lines, including Asset-Based Services,Drilling and Sonsub, Energy Carriers, Offshore Wind, andSustainable Infrastructures.
With a workforce of about 30,000 employees across more than 50countries, Saipem emphasizes technological innovation andsustainable engineering, supporting clients in the energytransition towards Net Zero using digital technologies andenvironmentally sustainable processes.