Saipem said it will not complete its planned acquisition of the Deep Value Driller drillship after the vessel’s owner decided to proceed with a sale to another buyer, and the company is now considering potential legal action to protect its interests.
In a statement sent to Rigzone on Monday, Saipem announced that it has been awarded an additional offshore contract in Saudi Arabia under its existing long-term agreement with Aramco.
Saipem has reached an agreement on the main terms to acquire the seventh-generation drillship Deep Value Driller for $272.5 million, a move aimed at strengthening the company’s offshore drilling fleet.
Saipem SpA has reported EUR 221 million ($256.45 million) in net income and adjusted net income for the first three quarters, up 7.3 percent from the same nine-month period last year.
A second ultra-deepwater drillship, the Deep Value Driller, having completed its operations in Ghana for Eni Ghana Exploration & Production, will take on work in Indonesia under a new project for Eni Ganal Deepwater. The vessel is being managed by Saipem under a bareboat charter with a purchase option.
A consortium between the State Oil Company of the Azerbaijan Republic (SOCAR) and Saipem SpA has won contracts for a $2.9-billion compression project in the BP PLC-operated Shah Deniz field on Azerbaijan’s side of the Caspian Sea, BP and Saipem said. The compression project will access low-pressure gas and enable the production of an additional […]
The Italian government has decided to approve the merger plan, on the condition that Saipem, in which the state holds nearly 13%, gives priority to Italy’s energy infrastructure and keeps all activities considered strategic in Italy, MF reported today, citing a government decision from last week.
The Sakarya gasfield is located 170 kilometres off the coast of Filyos, Zonguldak, and the latest phase includes a floating production unit fed by 27 wells across the Sakarya and Amasra fields, connected to the onshore terminal via a new trunkline.
The FPU will be deployed northwest of the Djeno Terminal, offshore the Republic of Congo, at a depth of approximately 35 metres.
Based on end-2024 financial results, the merged company will have approximately EUR 21 billion in revenues and more than EUR 2 billion in EBITDA, and will command a backlog of around EUR 43 billion as of the end of Q1 2025. Annual free cash flow is expected to exceed EUR 800 million.