Archer Limited: Archer secures a 2-year contract extension worth USD 40 million
Hamilton Bermuda, (April 30, 2024) Archer has been awarded a two-year contract extension for platform drilling services in the UK with an estimated contract value of USD 40 million. The extension will commence 1[st] May 2024 in direct continuation of the current contract. Over the next two years Archer will continue to deliver drilling operations, maintenance and rig reactivation services for the customer. Alexander Olsson, EVP Platform Operations in Archer comments: ‘’We are delighted that Archer was elected to continue the work for our client. This contract extension reflects our