Archer awarded contract for the modular drilling rig Archer Emerald
Hamilton, Bermuda – (July 8, 2019) Archer announces the award of a contract with OMV Taranaki Limited for the provision of drilling services using the modular drilling rig (“MDR”) Archer Emerald, including associated services, materials, equipment and personnel. The contract is for a firm five well contract with two one well options on OMV’s Maui A platform located in the Tasman Sea in New Zealand. The firm contract commitment is estimated at 11 months, with a further 5 months for the optional wells. Following a period of rig reactivation and pre-operation acceptance testing, the MDR