Saipem will buy the Deep Value Driller drillship from DVD for $272.5 million cash, targeting delivery before the bareboat charter ends on 31 July 2026.
EnerMech has been awarded a subsea pre-commissioning package by Saipem on ExxonMobil’s $12.7 billion Whiptail oil project offshore Guyana, its fifth pre-commissioning campaign in the Stabroek block.
Saipem has won a $425 million EPCI contract for three subsea pipelines on Turkey’s Sakarya Phase 3 project, linking the Goktepe gas discovery to Black Sea facilities alongside its earlier $1.5 billion scope.
Deep Value Driller AS extended Saipem’s amended bareboat charter to 31 July 2026 and prolonged the $300 million purchase option to 16 February 2026, with a 365-day extension option to 2027.
Saipem has been chosen by QatarEnergy LNG, alongside Offshore Oil Engineering Co (COOEC), for an offshore EPCI contract in Qatar worth about $4 billion, with around $3.1 billion for Saipem’s share.
TotalEnergies has lifted the four-year force majeure on its $20 billion Mozambique LNG project, with operations expected to start in 2029 pending government approval of an updated plan.
Saipem has strengthened its global offshore drilling orderbook with USD 135 million worth of new and extended contracts across West Africa, the Mediterranean, and the Far East.
BP awards $700 million in offshore contracts to Saipem and BOS Shelf for the Shah Deniz Compression Project, expanding Caspian gas output.
Saipem has secured three offshore engineering and installation contracts worth €600 million across Azerbaijan, the North Sea, and West Africa, reinforcing its global subsea presence.
