Archer awarded additional long-term agreement for two drilling rigs by YPF
Argentina, Oct. 16 -- Archer has further strengthened its position in Argentina through the award of a new 3-year drilling contract with YPF, with an additional 2-year option. The contract provides for the addition of rig DLS-160 to Archer's operations in Vaca Muerta, while securing the continued deployment of rig DLS-163 in support of YPF's ongoing development activities in the basin. The contract expands Archer's operating fleet of rigs in the region and has an estimated value of USD 100-110 million over the full contract term, including the optional extension years.As Vaca Muerta advances toward becoming a key driver of Argentina's energy future, Archer remains committed to providing the technologies, expertise, and operational excellenc...
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