Archer (ARHVF) has released an update.
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.
For further insights into ARHVF stock, check out TipRanks’ Stock Analysis page.
