Archer Limited announces that ConocoPhillips has exercised an option to extend its contract with Archer AS for the provision of Platform Drilling services for the Greater Ekofisk Area. The Platform Drilling contract was originally signed in early 2010 and previously would have expired June 2015. The contract extension will now commence immediately thereafter for five years with a new expiration date of June 30, 2020.

Archer, a leading provider of Platform Drilling services and currently operates a total of 33 platforms in the North Sea and in Brazil, including the platforms for the Greater Ekofisk Area.

About Archer

Archer is a global oilfield service company with more than 40 years’ experience, over 8,000 employees, and operations in more than 100 locations worldwide. From drilling services, production optimization, well integrity and intervention, to decommissioning, Archer is focused on safely delivering the highest quality services and products to the drilling and well service markets. Visit our company website at www.archerwell.com.

Archer is listed on the Oslo stock exchange.