Archer Limited : Fourth Quarter 2017 Earnings Release

Hamilton, Bermuda (February 27, 2018) Fourth quarter highlights 2017 Strong cash flow generation with a reduction in Net Interest Bearing Debt of $21.3 million. Revenue of $223.7 million. EBITDA of $16.5 million before exceptional items. IPO of QES on NYSE – Archer’s share valued at $95 million at time of IPO. Renewed contract for Platform […]

Read More

Archer Limited : Announcement of fourth quarter 2017 earnings release date and conference call information

Hamilton, Bermuda (February 13, 2018) Archer Limited’s fourth quarter 2017 earnings are scheduled to be released on February 27, 2018 before the start of trading on Oslo Stock Exchange.  In connection with the earnings release, a conference call will be held at 7:00 Houston time, 13:00 London time, 14:00 Oslo time on February 27, 2018. […]

Read More

Archer Limited : Quintana Energy Services prices Initial Public Offering

Hamilton, Bermuda (9 February, 2018) Reference is made to the stock exchange release dated 29. January 2018 regarding the launch of the Initial Public Offering (“IPO”) of Quintana Energy Services Inc. (“QES”). QES announced today the pricing of the initial public offering of 9,259,259 shares of its common stock at $10.00 per share (the “Offering”). The shares are […]

Read More

Archer Limited : Quintana Energy Services Inc. announces launch of Initial Public Offering

Hamilton, Bermuda (29 January, 2018) Archer Limited (“Archer”) announced today that Quintana Energy Services Inc. (“QES”), a provider of completion, production and drilling services to onshore oil and natural gas exploration and production companies in the U.S. in which Archer owns an approximate 36% investment interest pre-IPO, has launched an initial public offering of 9,259,259 […]

Read More

Archer Limited : Apache awards new Platform Drilling Management contract with Archer for the Forties and Beryl fields until Q4 2020

Hamilton, Bermuda (16 January, 2018) Archer Limited announces that effective from the 1st of January 2018, Apache have awarded a new 3 year contract to Archer for the provision of Platform Drilling Management Services which include operations and maintenance on their Forties and Beryl fields. This will include the Forties Alpha, Bravo, Charlie and Delta […]

Read More

Archer Limited : Statoil exercises option to extend its Platform Drilling Management contract for the Peregrino Field Development located offshore Brazil

  Hamilton, Bermuda (17 November, 2017) Archer Limited announces that effective from the 1st December 2017, Statoil Brasil Oleo e Gas Ltda. have confirmed a 3 year extension to the Archer’s contract for the provision of Platform Drilling Management Services on the Peregrino A and B platforms located offshore Brazil. The extension awarded is the […]

Read More

Archer Limited : Ørjan Svanevik resigns as Chairman and member of the Board

Hamilton, Bermuda (November 8, 2017) Ørjan Svanevik, Chairman of Archer Limited (ARCHER), has resigned from the Board of Directors of Archer. The board would like to thank Mr. Svanevik for his substantial contribution to Archer. The Board of Directors will proceed to elect a new Chairman of the Board in due course. For additional information, please […]

Read More

Archer Limited : Third Quarter 2017 Trading Update

Hamilton, Bermuda (October 31, 2017) Third quarter highlights 2017 Revenue $212.3 million EBITDA of $17.8 million before exceptional items Contract awards and renewals during Q3 17 improved order backlog by roughly $100 million P&A contract for Platform Drilling for Repsol Norway Renewed contract for Platform Drilling for Chevron UK Oiltools and Wireline won frame agreement […]

Read More

Archer Limited : Announcement of third quarter 2017 trading update release date and conference call information

Hamilton, Bermuda (October 18, 2017) Archer Limited’s third quarter 2017 trading update is scheduled to be released on Tuesday October 31, 2017. In connection with the trading update release, a conference call will be held at 14:00 Oslo time (8:00 Houston time/ 13:00 London time) on Tuesday October 31, 2017. To listen to the conference […]

Read More