Archer secures a 3-year contract extension with major operator on the Norwegian continental shelf

Bermuda, March 10 -- Archer has been awarded a 3-year contract extension with a major operator under a long-term frame agreement for the provision of wireline services. Based on 2025 activity levels, annual revenue from this contract is estimated to represent between 7% and 9% of total Well Services revenue.The exercise of the extension option ensures continued provision of wireline services under the existing contractual framework.

Published by HT Digital Content Services with permission from Pivotal Sources....