Archer (ARHVF) has released an update.
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Archer Limited has secured a substantial two-year contract valued at USD 40 million for platform drilling services with Equinor in Brazil, with the possibility of a two-year extension. The contract, which starts in November 2024, reaffirms Equinor’s trust in Archer’s longstanding operational excellence since 2008. This deal is a strategic move for Archer to bolster its international presence and operations.
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