- CEO
- Svend Anton Maier
- Full Time Employees
- 1
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- Munkedamsveien 45F Oslo OS Norway 0250
- IPO Date
- Mar 18, 2021
- Business
- Deep Value Driller AS owns and operates a single high-specification 7th generation ultra-deepwater drillship, the Deep Value Driller, providing bareboat chartering services to top-tier drilling contractors and energy companies for offshore exploration and production drilling. The company offers advanced drilling capabilities including dual activity operations, two 7-RAM BOP stacks, 10,000-foot water depth rating, 40,000-foot drilling depth, 2.5 million pound hookload capacity, and a 165-ton subsea crane; it targets contracts in regions such as West Africa, international waters, and Norway. Founded in 2021 and headquartered at Munkedamsveien 45F in Oslo, Norway, the Oslo Stock Exchange-listed entity (ticker: DVD.OL) manages its vessel through subsidiary Deep Value Driller Ltd in Malta. In late 2023, the drillship completed reactivation, recertification, and sea trials at Westcon Yard in Norway before commencing its initial bareboat charter with Saipem in Ivory Coast, where it continues drilling operations. In March 2025, Deep Value Driller entered an option agreement with Saipem, which the contractor exercised in April 2025 through an amended bareboat charter; the company has since declared multiple dividends including NOK 0.25 per share in September and October 2025, alongside releasing H1 2025 interim results reflecting a revenue backlog of approximately USD 54-55 million.