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Archer Secures $110 Million Contract Extension in UK

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Archer Secures $110 Million Contract Extension in UK

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Archer ( (ARHVF) ) has issued an announcement.

Archer, a company involved in platform drilling and maintenance services, has secured a five-year contract extension in the UK valued at USD 110 million, commencing May 2026. This extension supports Archer’s growth plans in the UK market and reflects the client’s confidence in Archer’s ability to maintain safe and efficient operations, highlighting the company’s commitment to improving well delivery, integrity, and performance.

More about Archer

Average Trading Volume: 466,461

Current Market Cap: NOK2.08B

Find detailed analytics on ARHVF stock on TipRanks’ Stock Analysis page.

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