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. Read More
On 04 April 2019, ATDL and Energy Drilling Pte. Ltd (Energy Drilling) announced the signing of a letter of intent to merge the two companies. The decision has now been taken to postpone the merger. In the last months, both ATDL and Energy Drilling have worked hard to secure longer term financing and support for the merger. While respective shareholder and lending groups have been positive to a merger, it has proved difficult to obtain longer term financing to support Read More
Mr. Helge Haakonsen has resigned his position as director and chairman of Atlantica Tender Drilling Ltd (ATDL). We wish to thank Helge for his significant contribution to the Company’s development over the past years and wish him all the best for the future. Mr. Erling Lind has been appointed as director and new chairman. We take this opportunity to welcome Erling to ATDL. For further information, please contact: Reese McNeel CFO Atlantica Tender Drilling Ltd email@example.com +47 41508186
20 Largest Shareholders November 4 2019
Erling Lind is 64 years old and a citizen of Norway, resident in Oslo. He is a partner in the law firm Ro Sommernes Advokatfirma DA in Oslo. Prior to becoming a partner in this firm, in January 2018, he was a partner in Advokatfirmaet Wiersholm AS for 30 years. Mr. Lind advises clients in mergers and acquisitions, financing matters, corporate law and other commercial law issues in a variety of industries. He has a long standing relationship with the Read More
Mr. Olsen has 20 years of experience in the oil and gas sector and joined HitecVision in 2009. He has for the past 14 years been Director, Corporate Finance, in the Norwegian investment bank First Securities ASA (formerly Elcon Securities AS) and has for the past ten years headed First’s energy sector corporate finance team. Prior to joining Elcon Securities Mr. Olsen served as Chief Controller and Head of Strategic Planning in Aker ASA, parent company of the Aker Group. Read More
Mr. Alf C.Thorkildsen joined the HitecVision partner group in 2013 from the position as Chief Executive Officer of Seadrill (2008-2012). From 2007 to 2008 Mr. Thorkildsen served as Chief Operating Officer in Seadrill. From 2002 to 2006, Mr. Thorkildsen was the Chief Financial Officer for the offshore drilling contractor Smedvig, and following the acquisition of Smedvig by Seadrill, Mr. Thorkildsen served as the Chief Financial Officer in Seadrill until 2007. Prior to joining Smedvig, Mr. Thorkildsen worked for more than Read More
Reference is made to the notice of Annual General Meeting (AGM) published on October 08, 2019. The AGM was held on October 16, 2019. All proposed resolutions were adopted. Following the AGM, the board of directors of Atlantica Tender Drilling Ltd (ATDL) is as follows: Mr. Helge Haakonsen – Chairman Mr. Pål Reiulf Olsen – Deputy Chairman Mr. Alf C Thorkildsen – Newly elected Mr. Kristan Bodden – Newly elected For further information, please contact: Reese McNeel CFO Atlantica Tender Read More
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, SOUTH AFRICA, NEW ZEALAND, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Bermuda, October 15, 2019 – Reference is made to the NOTC stock exchange notice published by Atlantica Tender Drilling Ltd. (“ATDL” or the “Company“) concerning the private equity offering directed solely to its existing shareholders Read More
Per the attachment, a notice has been sent to the Company’s shareholders, such notice informing that the 2019 Annual General Meeting («AGM») of the Company will be held at Victoria Place, 5th Floor, 31 Victoria Street, Hamilton HM 10, Bermuda, on 16 October 2019 at 3:00 pm (CET). The proposed agenda comprises solely the ordinary business of the AGM. Participation by way of proxy only: Shareholders of the Company are asked to submit their proxies for participation to the Company’s Read More
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, SOUTH AFRICA, NEW ZEALAND, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Bermuda, October 08, 2019: the board of directors of Atlantica Tender Drilling Ltd. (“ATDL” or the “Company”) intends to carry out a private equity offering directed solely to its existing shareholders of up to USD Read More
President & CEO Mr. Kunz has managed operations and marketing for offshore drilling rigs (platforms, jackups and accommodation barges) for over 36 years. He is the former Vice President of Offshore Operations for a major international contractor.
CFO Mr. McNeel holds an MBA from IESE Business School, Barcelona, Spain. Previous work experience includes CEO and CFO of Sevan Marine ASA as well as senior management and advisory positions working for both AlixPartners and PricewaterhouseCoopers.
Mr. Simen Eriksen has resigned his position as director of ATDL.
Effective September 30, 2019 Lasse Kjelsaas will step down as CFO after almost 8 years of service. We wish to thank Lasse for his significant contribution to the Company and wish him all the best in his future endeavors. Mr. Reese McNeel has been appointed CFO effective October 01, 2019. Reese will reside in Oslo, Norway. We take this opportunity to welcome Reese to the team.
Atlantica Tender Drilling Limited (“ATDL”) has recently explored different possibilities for refinancing of its debt, but has not yet been able to conclude on a long term refinancing. The Company has therefore explored the possibility of an extension of its Senior Bank Facility and the Bond Issue in order to allow more time to pursue a long term refinancing. The lenders under the Senior Bank Facility has agreed to an extension of the maturity date of the Senior Bank Facility Read More
We refer to the announcement dated 10 May 2019, regarding a contemplated bond issue for Atlantica Tender Drilling Limited (“ATDL”). Due to adverse market conditions, ATDL was not able to conclude the contemplated bond issue. ATDL has therefore been discussing extending the maturity date of its existing bank facility (23 August 2019) and bond issue (23 September 2019) by approximately one year. The lenders under the bank facility have granted ATDL a temporary extension of the maturity date until 20 Read More
In the beginning of Q2 2019, Atlantica surpassed 4 years without a lost time injury. We are extremely pleased with the safety performance of both units. This achievement demonstrates that the teams onboard both units have committed to and embraced the need to work with the company’s QHSE management system.
Q1 – 2019 Q2 – 2019 Q3 – 2019
20 Largest Shareholders May 8 2019
Atlantica Tender Drilling Limited (the “Company”) has received credit approvals from a syndicate of new and existing lenders for a new 4-year USD 100 million first lien term loan facility (the “Term Loan”). The Company has further mandated DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners and Danske Bank and SpareBank1 Markets as Joint Bookrunners to arrange a series of fixed income investor meetings. A USD 140 million, 4-year, second lien bond issue (the “Bond Issue”) may Read More
April 18, 2019 Petrobras exercised its right to extend the Beta contract by 180 days commencing in September 2019 through March of 2020.
Please see the attached joint press release concerning Atlantica Tender Drilling Ltd. and Energy Drilling Pte. Ltd. having signed a Letter Of Intent to merge the two companies.
Team Houston providing tennis shoes to the children of the Congo Orphanage.
Atlantica supported a Holiday Dinner for Coeur Celeste Orphanage in the Congo. December 19, 2018
On December 7, 2018 Atlantica completed a day of service at the Houston Food Bank by helping in the Keegan Kitchen with meal prep and packaging 3,886 hot meals for daily distribution to community locations where children gather after school.
Petrobras has extended the charter contract for the BassDrill Beta by an additional 386 days with options.
Team Atlantica had the opportunity to participate in the YMCA’s ‘Operation Backpack’ which is an initiative to provide school supplies for children in the Houston area so they can start school with the tools to be successful. With the donation of 43 backpacks filled with supplies, Atlantica is helping make a difference and impact the children in our community.
20 Largest Shareholders July 31 2018
Q1 – 2018 Q2 – 2018 Q3 – 2018 Q4 – 2018 2018 – Audited Annual
[27-August-2018] Atlantica Tender Drilling Ltd. (ATDL) Contract Extension BassDrill Beta Petrobras has extended the charter contract for the BassDrill Beta by an additional 386 days with options. [ 08-August-2018] Notice of 2018 Annual General Meeting Per the attachment, a notice has been sent the Company’s shareholders informing that the 2018 Annual General Meeting («AGM») of the Company will be held at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda, on 21 August 2018 at 3:00 pm (CET). The proposed agenda comprises Read More
Petrobras has exercised their right to utilize a clause in the contract to extend the primary term of the contract duration by 60 days while retaining their right to a further extension(s) utilizing the same clause. This extends the contract term to the end of June 2018.
Team Houston providing tennis shoes to the children of the Congo Orphanage.
Petrobras has exercised their right to utilize a clause in the charter contract for BassDrill Beta which permits extending the primary term of the contract by the sum of accumulated downtime incurred during the original 1500-day term. This extends the term of the contract to the end of August, 2018.