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Archer ( (ARHVF) ) has issued an update.
Archer has secured a significant five-year contract with Repsol Resources UK to provide platform drilling services and other well service technologies, with an option for a two-year extension. This partnership, which includes a focus on plug and abandonment activities for approximately 130 wells, enhances Archer’s reputation as a reliable provider of integrated drilling and well services, emphasizing their commitment to operational excellence and sustainability in the North Sea.
More about Archer
Archer is a prominent company in the drilling and well services industry, offering platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies. The company focuses on providing solutions for late-life operations and plug and abandonment activities, particularly in the North Sea region.
YTD Price Performance: -32.29%
Average Trading Volume: 1,127
Technical Sentiment Signal: Buy
Current Market Cap: $177.8M
Learn more about ARHVF stock on TipRanks’ Stock Analysis page.