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Saipem (BIT:SPM) has cancelled its previously agreed acquisition of the Deep Value Driller drill ship. The company is considering legal action after the vessel was sold to a third party. The move affects Saipem's planned fleet deployment and could have financial and contractual implications. If you follow BIT:SPM, this development sits at the intersection of operations and risk. Saipem is a major engineering and construction group focused on energy and infrastructure projects, where access...
After cancelling the agreement, Saipem said it may pursue legal action in any forum to protect its interests.
The charter is scheduled to conclude on 31 July 2026, with the unit presently operating in Indonesia.
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