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Archer ( (ARHVF) ) has shared an update.
Archer has secured a three-year extension from Aker BP to continue providing platform drilling, maintenance and intervention support services on the Ula and Valhall installations in the Norwegian North Sea, prolonging a long-term contract originally awarded in 2020 through to the end of 2028. The extension underscores Aker BP’s confidence in Archer’s operational performance and strengthens Archer’s position as a key offshore drilling and services provider in Norway, providing continuity of work, reinforcing a relationship that spans more than three decades, and supporting visibility for the company’s offshore and onshore operations.
More about Archer
Archer is an oilfield services company that provides platform drilling operations, maintenance services and well intervention support to offshore operators, with a strong presence in the Norwegian sector of the North Sea. Its integrated #OneArcher service offering covers engineering, rental equipment and well services, supporting long-term relationships with key clients such as Aker BP on assets including the Ula and Valhall fields.
Average Trading Volume: 491,324
Current Market Cap: NOK2.22B
Learn more about ARHVF stock on TipRanks’ Stock Analysis page.