“We are very pleased to secure this important contract, which provides us with the opportunity to invest in new state of the art equipment and to be able to support YPF with the development of its unconventional shale resources in Argentina,” said David King, Chief Executive Officer, Archer. “Our operating company in Argentina has a long standing history of over 40 years in the country. It operates over 70 rigs and employs over 2500 experienced employees in Argentina today. With this award, it will not only further increase our presence in the Neuquén area, but it clearly establishes us as one of the largest service providers in the country.”
About Archer
Archer is the joining together of several well-specialist companies with a 40-year heritage in oil services, each with a deep heritage in providing services to the oil and gas industry across four continents. Archer specializes in platform drilling, unconventional production, well intervention and well integrity products and services. We employ over 8,300 people unified by a single purpose: to deliver better wells that help our customers produce more oil and gas. Visit our company website at www.archerwell.com.
Archer is listed on the Oslo stock exchange.
CONTACTS
For Investors:
Lars Bethuelsen
Senior Vice President, Mergers and Acquisitions, and Investor Relations
(+47) 51 30 80 00
lars.bethuelsen@archerwell.com
For Media:
Dustin Childers
Director of Marketing Communications
+1 713 856 4222
dchilders@archerwell.com