Archer Limited: Fourth Quarter and Preliminary 2021 Results
Hamilton, Bermuda (February 25, 2022) Fourth Quarter 2021 Highlights · Revenue of $252 million · EBITDA before exceptional items increased by $2.3 million to $25.8 million · EBITDA of $22.4 million · NIBD reduced to $500 million at year-end · Impairment of $13.5 million in the quarter related to idle assets in Argentina Subsequent events previously announced · Contract extension for Pan American Energy totaling $235 million · Contract extension for Equinor totaling $565 million Archer will not host a conference call in relation to the quarterly release, as