Deep Value Driller AS - extension of Bareboat Charter and Drillship Purchase Option agreement with Saipem
Norway, Dec. 30 -- Deep Value Driller AS (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the entry into an extension of the Amended Bareboat Charter with Saipem (the "Charterer") where the Company and the Charterer has agreed to a firm extension of 31 days until 31 July 2026 (the "Initial Period") for the Group's 7th generation mobile offshore drilling vessel "Deep Value Driller" (the "Drillship"). Furthermore, the Company and the Charterer has also agreed to an extension on the Purchase Option to purchase the Drillship (the "Potential Transaction") until 16 February 2026. The purchase price in the Potential Transaction will be USD 300 million, plus payment of the remaining hire for the Initial Period ...
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