Bermuda, 12 September 2021 – With reference to the press release from 02 September 2021 and in accordance with the Recovery Agreement, the rig BassDrill Beta has been sold for USD 4.3 million for recycling. The net proceeds from the sale shall be shared on a 50:50 basis between the Senior Lenders and the Bondholders. For further information, please contact:Reese McNeelCFOAtlantica Tender Drilling Ltd.+47 415 08 firstname.lastname@example.org
Bermuda, 07 September 2021 – With reference to the press release from 02 September 2021, the proposed written shareholder resolution has been passed and the Recovery Agreement has been entered into. For further information, please contact:Reese McNeelCFOAtlantica Tender Drilling Ltd.+47 415 08 email@example.com
Bermuda, 31 December 2020 – Reference is made to the press release from 10 December 2020 regarding Petrobras’ notice to demobilize BassDrill Beta from the Papa Terra field. It is expected that the rig will be fully demobilized and off-hire during Q2 2021. While ATDL continues to pursue new opportunities for both of its rigs, BassDrill Beta and Atlantica Delta, there exists today a high likelihood that both rigs will be off-hire and stacked from mid 2021. Given the situation, Read More
Reference is made to the notice of Annual General Meeting (AGM) published on October 30, 2020. The AGM was held on November 10, 2020. All proposed resolutions were adopted. Following the AGM, the board of directors of Atlantica Tender Drilling Ltd (ATDL) is as follows: Mr. Erling Lind – ChairmanMr. Pal Reiulf Olsen – Deputy ChairmanMr. Alf C Thorkildsen – DirectorMr. Kristan Bodden – Director For further information, please contact: Reese McNeelCFOAtlantica Tender Drilling Ltdreese.firstname.lastname@example.org+47 41508186
On April 21, 2020, Atlantica owned rig BassDrill Beta surpassed 5 years without a lost time injury. The entire five-year duration of this safety milestone was archived while the rig was under contract with Petróleo Brasileiro S.A. (“Petrobras”) in Brazil. This achievement demonstrates the Beta team’s commitment to a zero-incident philosophy and safety culture.
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
Mr. Eriksen has 20 years of extensive international experience within the offshore and shipping industries. From 2008 until 2017 he held various roles with Frigstad Offshore, the last 8 years as CEO. Prior to that he spent more than 10 years in several positions with the A.P. Moller-Maersk Group at several of their international locations, most of the time with Maersk Contractors. From 1997 to 1999 he was with Maersk Line, completing a graduate management trainee programme at Maersk Shipping Read More
The first blocks of the Gamma hull were placed into the dry dock at DSIC Yard #2 marking the official date of keel laying.
Houston-based BassDrill Ltd. has announced that it is changing its name to Atlantica Tender Drilling Ltd. This change is part of a larger rebranding effort designed to reflect the growing strength of the company. “Atlantica is the name given to an ancient continent that once connected parts of West Africa and Eastern South America, our primary marketing area,” said President Kerry Kunz. “The new name is an essential move that reflects our position as an increasingly global provider of tender Read More
Mr. Alf C. Thorkildsen has been appointed to the BassDrill Ltd.’s Board of Directors with immediate effect. Mr. Thorkildsen is a senior partner at HitecVision, BassDrill’s majority owner through the «HitecVision Asset Solutions» fund. Mr. Thorkildsen replaces Mr. Ola Sætre, founding partner at HitecVision, as Mr. Sætre has resigned his directorship at BassDrill Ltd., also with immediate effect. Mr. Thorkildsen joined the HitecVision partner group in 2013 from the position as Chief Executive Officer of Seadrill (2008-2012). During his tenure, Read More