Archer Limited : PanAmerican Energy will award Archer a four year contract for drilling services in southern Argentina with an estimated contract value of NOK 6 billion
Hamilton, Bermuda (May 10, 2017) Archer Limited ("Archer") announces that PanAmerican Energy («PanAmerican») will award Archer's subsidiary DLS Argentina Ltd. Surcusal a four-year contract for the provision of Drilling, Workover and Pulling Services for PanAmerican's Cerro Dragon field in the Golfo San Jorge basin in southern Argentina. Archer has provided Drilling, Workover and Pulling Services for PanAmerican since Archer's acquisition of the business in 2011 and the current contract reaffirms the two companies' commitment to production and further exploration in the Golfo San