Monthly Archives for March 2020

Bermuda, 30 March 2020 – Restrictions on travel, quarantine, stay at home orders and other measures have been initiated in the Republic of Congo, Brazil and the U.S. as well as in many other jurisdictions around the world in response to the COVID-19 pandemic. These are having a direct impact on ATDL’s operations and financial performance. ATDL believes it is likely that the scope and severity of these issues will increase in the days and weeks to come. ATDL is Read More

Bermuda, 13 March 2020, ATDL has today agreed a further contract extension with Petrobras for the use of the 2013 built semi-tender unit BassDrill Beta. The contract has been extended for 1 year to March 2021. Petrobras also has the option to extend the contract for an additional year to March 2022. The option shall be exercised prior to November 2020. The rate and terms agreed with Petrobras are broadly in line with existing terms. As announced on 12 February Read More