[12-February-2020] ATLANTICA TENDER DRILLING LTD. (ATDL) – Atlantica Delta, expiry of well options

The 2015 built semi-tender drilling unit Atlantica Delta is currently contracted by Total E&P Congo (Total) for a 17 well fixed development drilling program on the Moho Nord field offshore the Republic of Congo, Brazzaville.

The contract contains multiple options for Total to drill up to 10 additional wells, to be exercised prior to completion of the 15th well. ATDL has recently completed the 15th well. Total has chosen not to exercise any of the available options at this time. The parties remain in discussions regarding possible work beyond the 17th well.

The Atlantica Delta is expected to complete the 17 well drilling campaign on Moho Nord in mid-2020. Subject to the outcome of discussions, the unit would then be demobilized from the Moho Nord field.

For further information, please contact:

Reese McNeel

CFO

Atlantica Tender Drilling Ltd

+47 415 08 186

reese.mcneel@atlanticatd.com



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