Archer Limited : First Quarter 2018 Earnings Release
Hamilton, Bermuda (May 8, 2018) First quarter highlights 2018 · Revenue of $218 million. · EBITDA of $18.1 million before exceptional items. · Statoil awarded Archer 12 of the 18 drilling platforms tendered, with a firm contract value of more than NOK 6 billion. · IPO of QES on the New York Stock exchange. · Activity picking up in selected regions, with both Wireline and Oiltools experiencing increased activity. · AWC continues to grow, and is currently experiencing robust new valve demand. · Strong financial performance in the north of Argentina, and