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An update from Deep Value Driller AS ( (DE:9YG) ) is now available.
Deep Value Driller AS has agreed with Saipem to extend the amended bareboat charter for its 7th generation drillship “Deep Value Driller” by a firm 31-day period, running until 31 July 2026, securing continued employment for the vessel. The parties have also prolonged Saipem’s option to purchase the drillship at a price of USD 300 million plus remaining hire through 16 February 2026, alongside granting Saipem an option to extend the charter by a further 365 days to 31 July 2027, which, if exercised by mid-February 2026, would also prolong the purchase option to the end of 2026; together these steps enhance the vessel’s commercial visibility and preserve strategic flexibility for both owner and charterer.
More about Deep Value Driller AS
Deep Value Driller AS is a Norway-based drillship-owning company that operates the high-specification ultra-deepwater 7th generation drillship “Deep Value Driller,” built in 2014. The company focuses on creating value for customers and investors through the safe and sustainable operation of its offshore drilling asset.
YTD Price Performance: 48.28%
Average Trading Volume: 233,497
Current Market Cap: NOK1.92B
For an in-depth examination of 9YG stock, go to TipRanks’ Overview page.