TETRA Technologies has acquired a newly built derrick barge from Wison Heavy Industry and Nantong Mee Lee Cheong Tongbao Shipbuilding for $71m.

The barge, Tetra Hedron, has a capacity of 1,600t, is equipped with a fully revolving crane and can accommodate 300 personnel.

The company plans to conduct final outfitting and sea trials on the barge when it arrives in the Gulf of Mexico.

The barge is expected to be deployed in the fourth quarter of 2011.