Archer Limited: Archer secures five-year Coiled Tubing and Pumping contract in the UK with estimated potential value of up to $50 million
Hamilton, Bermuda (May 25, 2023) Archer is pleased to announce the award of a five-year contract for the provision of Coiled Tubing and Pumping services with Perenco UK Limited in the United Kingdom. The contract contains two options of one year each and commenced May 3, 2023 in direct continuation of our previous contract with Perenco. The estimated contract value, based on expected activity level for the committed term, is an estimated potential value of up to $50 million. Dag Skindlo, CEO of Archer: "We are extremely proud to announce this long-term Coiled Tubing and Pumping