Atlantica Tender Drilling Ltd. has informed that owing to the depressed oil price environment, Total Congo has elected to early terminate the BassDrill Alpha contract.
The contract will be terminated at the conclusion of the present well which is expected later this month.
The company says it intends to warm stack the Alpha offshore Congo in anticipation of future work in the area.
According to the press release, the Alpha is presently being actively marketed to operators in both major tender assist regions; Southeast Asia and West-Africa.
The BassDrill Alpha is a Bassoe Technology-designed Medium-sized Tender Barge (MTB). It was built and delivered from Lamprell Plc., UAE, in 2010.