Hamilton, Bermuda (September 13, 2017)

Reference is made to the press release on August 9, 2017 regarding the award of a four year contract for P&A rig operations by Archer for Repsol Norge AS . 

Archer is now pleased to announce that Repsol also has awarded Archer Wireline and Archer Oiltools  four year frame agreement contracts for additional P&A services for Repsol Norge AS. The contract scope for Archer Wireline includes mechanical wireline services as well as pipe recovery and other electric-line logging services. For Archer Oiltools the contract scope includes barrier testing, establishing rock-to-rock barriers and permanent downhole mechanical isolation.  

“The award of these additional contracts evidences Repsol’s confidence in Archer’s capabilities in providing integrated P&A services.” said John Lechner, Archer CEO, “These additional contracts for Wireline and Oiltools services strengthens our long-term business relationship with Repsol and our position as a provider of integrated P&A services on the Norwegian Continental Shelf.”

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