Archer awarded contract for the modular drilling rig Archer Topaz

Hamilton, Bermuda (September 26, 2019)

Archer announces the award of a contract with a North Sea operator for the provision of drilling services using the modular drilling rig Archer Topaz. The firm contract commitment is for permanent plugging & abandonment of two wells and recovery of conductors. Following a period of rig reactivation, Topaz will be mobilized with operations expected to commence in Q2 2020.

“We are very pleased to announce the second contract for our modular drilling rigs this year” said Kenny Dey, Archer’s Vice President for Platform Drilling. “The additional backlog from the Topaz and Emerald contracts provides a great foundation for growth of Archer’s platform drilling business in 2020 and 2021.”  

For additional information please contact:

Dag Skindlo, Chief Financial Officer

Mobile: +47 982 26 624, Email: dag.skindlo@archerwell.com

Anders Engelsen, Vice President Corporate Business Development

Mobile: +47 932 07 901, Email: anders.engelsen@archerwell.com

About Archer

Archer is a global oil services company with a heritage in drilling and well services that stretch back over 40 years. Employing more than 5000 people at 40 locations in 17 countries, from drilling services, well integrity & intervention, plug & abandonment to decommissioning, Archer is focused on safely delivering the highest quality services and products to the drilling and well service markets. Visit our company website at www.archerwell.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)