Archer awarded a USD 200 million land drilling contract in Argentina
(Hamilton, Bermuda) – November 1, 2019 Archer Limited (“Archer”) announces that YPF S.A. (“YPF”) has awarded DLS Archer Ltd. (“DLS”) a new five year drilling contract for three high specification drilling rigs currently under contract with YPF in the Vaca Muerta region of Argentina. As part of the contract, the three rigs will be upgraded to meet technical specifications for the extended well design of YPF. The estimated total contract value for three rigs over five years is approximately USD 200 million. Furthermore, the contract stipulates that two more rig upgrades could be added to