Offshore Drilling industry set to be reshaped

Invest in high quality drilling vessels and bareboat to reputable Drilling Contractors, with the ambition to create value to our shareholders and customers.

Mission

Deep Value Drillers mission is to create value for our customers and investors through the safe and sustainable operations of our modern 7 generation drilling rig with minimal impact to the environment.

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Unique distressed opportunity

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Perfect price & timing

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Best in class drillship

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Attractive upside potential

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Fleet

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Our fleet consist of Deep Value Driller, a modern high spec. 7th generation Drillship, built in 2014

Among the most capable 7G drillships

Very well maintained while being stacked (previous owner have spent ~USD 70k/day in stacking cost)

Key features include dual activity, two 7 RAM BOPs, large deck space and 165ton subsea crane

Limited reactivation cost required

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DesignGustoMSC P10,000
Rig water depth (ft)10,000
Drilling depth (ft)40,000
Dual activityYes
Rig statusWarm stacked
Build cost (USD)750,000,000
Build yardHyundai Heavy Industries
Delivery date21 feb 2014
Number of BOP stacksDual 7 RAM BOP Stack Equipped
Max hook load (lbs)2,500,000
Quarters capacity210

Fundamental data

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ISINNO0010955917
TickerDVD
Company number926410652
Security typeStock
CFI codeESVUFR
Total number of shares86,30 mill
Face value0,10
Share capital8,63 mill.
Voting rightJ
Ownership restrictionsN

Other investor information

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AuditorErnst & Young
100% Equity financed

Investors

Company

Managment

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Svend Anton Maier

CEO

More than 20 years’ experience from international Executive Management positions in Publicly Listed Companies, including CEO at Borr Drilling and several executive operational roles at Transocean and Seadrill

Experience includes senior positions in key energy locations, including US, UK, Middle East, West Africa, Far East, South America, Russia and Northern Europe
 
Proven experience with company development and projects
 
Has served on Board of Directors of companies in the offshore and energy Sector, including Prosafe , Sevan Drilling, Sapura, Atlantica Drilling
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Einar J. Greve

Chairman

Works as a strategic advisor in Cipriano AS

Previously worked as partner of Wikborg Rein & Co for 15 years and as partner of Arctic Securities ASA

Has held and holds various positions as board member and chairman in Norwegian and international listed and unlisted companies

Holds a degree in law ( cand.jur ) form the University of Oslo

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Glenn Rødland

Mr Rødland is a serial entrepreneur and an independent investor and is currently the chairperson in Prosafe SE (listed Oslo Stock-exchange) ABL-Group ASA (listed Oslo Stock Exchange) and SES-X Marine Technologies (private Company) and a board member in Deep Value Driller ASA (listed on the Oslo Stock Exchange) and ATDL AS (private company). 

He was a senior partner at HitecVision (PE managing $6bn invested in the energy industry) for four years (2016-2019), and for ten years (2006-15) he was a partner and co-investor of Direct Active Investments in Ferncliff TIH AS (private office).

Mr Rødland has worked for 15 years with portfolio management, financial analysis, and investment banking for DNB (Vital) and Swedbank (formerly First Securities and Elcon Securities). In addition, Mr Rødland has also worked in the shipping company Jebsens and as a management consultant in PWC. He has MBA and Post Graduate studies in Finance from Norwegian School business and economics (NHH) and UCLA. Mr Rødland is a Norwegian citizen and resides in Bærum, Norway.

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Gunnar Hvammen

Works as an active owner/founder through his different companies organized under the holding company Lauvheim Holding AS within the oil service, real estate business and technology

Previously worked for Fondsfinans and Normarine Offshore Consultants (today Pareto Offshore)

Held various positions as board member in Norwegian and internationally listed and unlisted companies

News

Deep Value Driller – Q3 2022 report

Please see attached PDF for our Q3 2022 report

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Deep Value Driller – Q2 2022 report

Please see attached PDF for our Q2 2022 report

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