Archer Lands $60M Contract Extension in North Sea

Archer (ARHVF) has released an update.

Archer has secured a 2-year contract extension with Equinor Energy AS for plug and abandonment and other well services in the North Sea, adding an estimated $60 million to its backlog. The deal highlights Archer’s commitment to providing innovative and cost-effective solutions in the strategic area of plug and abandonment services.

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