Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Saipem to buy Deep Value Driller for $272.5M, pending approval, to boost offshore fleet.
Saipem has agreed to buy the Deep Value Driller, a seventh-generation offshore drillship, from Deep Value Driller AS for $272.5 million, following an extended bareboat charter in Indonesia set to end July 31, 2026.
The deal, which follows Saipem’s exercise of a previously unexercised purchase option, is pending final board approvals by February 25, 2026.
The vessel, built in 2014, can operate in waters up to 10,000 feet deep and drill to 40,000 feet.
The transaction is expected to strengthen Saipem’s offshore fleet while allowing DVD to return net proceeds to shareholders through resumed monthly dividends starting March 2026.
Saipem comprará Deep Value Driller por $272.5 millones, pendiente de aprobación, para impulsar la flota en alta mar.