Archer Limited : Talisman Sinopec awards Archer contract for platform drilling services

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Hamilton, Bermuda (October 14, 2015)

Archer (UK) Limited announced today the award of a three-year contract with two times two-year extension options, for the provision of platform drilling services for Talisman Sinopec Energy UK Limited (Talisman Sinopec). The contract, which is scheduled to commence on 1st November 2015, will see Archer provide onshore rig operations, maintenance and QHSE management, and offshore operations and maintenance supervision on the Claymore, Clyde, Fulmar, Piper B, Saltire and Tartan platforms.

"We are delighted to have been awarded this substantial contract from an operator like Talisman Sinopec, which has such a major presence in the UK North Sea. This agreement represents a significant opportunity for Archer to demonstrate its expertise in, and commitment to, delivering safe operations in the region," says Kenny Dey, Managing Director of Archer UK. "We look forward to working closely with Talisman Sinopec and delivering an efficient programme of services to our valued client, to support the success of their ongoing and planned drilling activity."

Following the award of this contract, Archer will operate a total of 38 platforms in the North Sea, Greece and Brazil.

CONTACTS

For Investors:                                          

Joachim Houeland                                            

Corporate Treasurer and Investor Relations                    

(+47) 51 30 80 00                                                          

joachim.houeland@archerwell.com


For Media:

Dustin Childers

Director of Marketing

+1 713 856 4222

dustin.childers@archerwell.com


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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