Hamilton, Bermuda (August 10, 2017)

Archer Limited (“Archer”) announced today that Quintana Energy Services Inc. (“Quintana”), a provider of completion, production and drilling services to onshore oil and natural gas exploration and production companies in which Archer currently owns an approximate 36% investment interest, has filed a registration statement with the U.S. Securities and Exchange Commission (the “SEC”) for an initial public offering of Quintana’s common stock.  Quintana has applied to list its common stock on The New York Stock Exchange under the symbol “QES”.  The offering of common stock will be made only by means of a prospectus.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Enquiries:

Dag Skindlo, CFO and EVP Strategy

+ 47 98 22 66 24

dag.skindlo@archerwell.com

Joachim Houeland, Corporate Treasurer

+47 482 78 748

joachim.houeland@archerwell.com  

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.