General – Sale
Saipem’s planned acquisition of the drillship Deep Value Driller has been called off, as owner Deep Value Driller has now entered into a binding agreement to sell the 7th generation rig to Eldorado Drilling for $300 million.
Eldorado Drilling has paid a signing installment of $70 million. Delivery of the rig and payment of the remaining $230 million is to take place in the third quarter of 2026.
The 12,000-ft drillship is currently under bareboat charter to Saipem until 31 July 2026 and is working under a contract with Eni in Indonesia.
Saipem recalls that, on 17 February 2026, both companies informed the market of the agreement reached on the principal terms and conditions for the acquisition of the Deep Value Driller, and that the execution of the final agreement was subject, inter alia, to the approval of the respective Boards of Directors.
Subsequently, on 24 February 2026, Saipem informed the market that the transaction had been authorized by its Board of Directors.
Saipem reserves the right to take any appropriate legal action to safeguard its interests and rights in any forum, without exception.
