IR news

Archer secures long term platform drilling and maintenance contract from Aker BP for offshore Norway

Hamilton, Bermuda (November 24, 2020)

Archer has secured a five-year contract from Aker BP with an additional three-year extension option for the provision of platform drilling operations and maintenance services on the Ula and Valhall installations in the Norwegian sector of the North Sea. The contract will commence January 1, 2021 in direct continuation of the current contract.

Archer will deliver platform drilling, maintenance services and intervention support, including further integrated engineering, rental equipment and well services where required as part of its #OneArcher service offering.

Dag Skindlo, CEO of Archer comments:

“Our experience with the Ula and Valhall assets stretches back over 30 years and we are immensely proud of this legacy. Aker BP’s long-term commitment to Archer outlines their continued confidence in our ability to deliver safe and efficient operations and we are delighted to continue this relationship.

I would like to take this opportunity to thank our personnel for their hard work and commitment to the Aker BP operations and their drive to provide our clients with innovative and collaborative solutions that improve well delivery and integrity.”

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.