Archer Secures NOK 5.0B in Estimated Backlog for 12 of Equinor's Platforms

Source: www.gulfoilandgas.com 2/16/2022, Location: Europe

Archer has been awarded a two-year contract extension for platform drilling services as Equinor exercises the first of three two-year extension options following the original four-year contract.

The extension will commence on October 1, 2022 in direct continuation of the current contract. The extension covers all the rigs which Archer is currently the incumbent contractor for, which include Statfjord A, B and C, Gullfaks A, B and C, Grane, Njord, Sleipner A, Snorre A and B, and Visund.

Dag Skindlo, CEO of Archer, commented:

'We are delighted to continue our operations for Equinor in the North Sea for an additional 2 years. We have over time shown safe and strong operational performance. Archer is dedicated to further develop our OneArcher operating model to provide Equinor with safe, efficient and cost-effective solutions while contributing to both Archer's and Equinor's ESG roadmap.'


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