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Wednesday, 13 September 2017

Archer Limited: Repsol Norge awards Archer additional contracts for P&A and related services.

Archer Limited    

Published: 06:49 CEST 13-09-2017 /GlobeNewswire /Source: Archer Limited / : ARCHER /ISIN: BMG0451H1097

Archer Limited: Repsol Norge awards Archer additional contracts for P&A and related services.

Hamilton, Bermuda (September 13, 2017)

Reference is made to the press release on August 9, 2017 regarding the award of a four year contract for P&A rig operations by Archer for Repsol Norge AS . 

Archer is now pleased to announce that Repsol also has awarded Archer Wireline and Archer Oiltools  four year frame agreement contracts for additional P&A services for Repsol Norge AS. The contract scope for Archer Wireline includes mechanical wireline services as well as pipe recovery and other electric-line logging services. For Archer Oiltools the contract scope includes barrier testing, establishing rock-to-rock barriers and permanent downhole mechanical isolation.  

"The award of these additional contracts evidences Repsol's confidence in Archer's capabilities in providing integrated P&A services." said John Lechner, Archer CEO, "These additional contracts for Wireline and Oiltools services strengthens our long-term business relationship with Repsol and our position as a provider of integrated P&A services on the Norwegian Continental Shelf."

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




This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Archer Limited, Travbaneveien 3 P.O. Box 338, Stavanger 4002, Norway
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