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Archer ( (ARHVF) ) has issued an announcement.
Archer, in collaboration with SLB, has secured an integrated plug and abandonment contract from Equinor for three wells on the Titan platform in the Gulf of America, covering project management, well engineering, a compact workover rig, coiled tubing, wireline, and downhole P&A technologies. The award underscores the complementary strengths of SLB’s deepwater track record and Archer’s P&A specialization, and builds on Archer’s recent North Sea contract wins and strategic U.S. acquisitions, reinforcing its push to become a leading provider in the expanding deepwater P&A market and bolstering its competitive position with a major operator in a key offshore region.
More about Archer
Archer is an oilfield services company specializing in plug and abandonment (P&A) operations and related well services, including project management, well engineering, workover rigs, and downhole technologies. The company has been expanding its presence in deepwater markets, particularly in the Gulf of America, supported by recent U.S. acquisitions in fishing and well intervention services aimed at strengthening its position in the growing deepwater P&A segment.
Average Trading Volume: 222,883
Current Market Cap: NOK2.36B
See more data about ARHVF stock on TipRanks’ Stock Analysis page.