IR news

Archer Land Drilling renews contract for 2 pulling units

Archer Limited is proud to announce that an Argentine subsidiary of a large international oil company have awarded Archer’s subsidiary DLS Argentina Ltd. Surcusal a new contract for the provision of two pulling units with terms of two years each, starting February 1, 2019. These pulling units have previously been on contract for the same client, and will be deployed in the Santa Cruz Province in Argentina.

Archer Land Drilling, under the brand name DLS, holds a leading position in the southern region of Argentina, operating 7 drilling rigs, 16 workover rigs and 16 pulling units in Chubut and Santa Cruz provinces, where oil was first discovered in Argentina over 100 years ago. We view the renewal of the contract for two pulling units as a result of our strong reputation and operational track record in the region.