09/07/2015 -

(Hamilton, Bermuda) – September 7, 2015 – Archer (UK) Limited announced today that Apache has exercised the first of two options to extend its existing contract with Archer for the provision of Platform Drilling Services for a period of one year.

"We are very pleased to have been awarded this contract extension. It is excellent news for Archer and illustrates the hard work and commitment which our personnel put into delivering a safe environment for all those engaged on the Apache assets whilst ensuring support in delivering Apache’s high level of operational efficiency,” said Kenny Dey, Managing Director of Archer in the U.K. “We look forward to continuing our working relationship with Apache through the duration of the contract.”

Archer, a leading provider of Platform Drilling services, currently operates a total of 33 platforms in the North Sea, Greece and Brazil, including Platform Drilling O&M services on the Forties Alpha, Bravo, Charlie and Delta platforms along with the Beryl Alpha and Bravo installations.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

###

ABOUT
Archer is a global oilfield service company with more than 40 years’ experience, over 7,000 employees, and operations in more than 100 locations worldwide. From drilling services, production optimization, well integrity and intervention, to decommissioning, Archer is focused on safely delivering the highest quality services and products to the drilling and well service markets.

CONTACTS

For Investors:
Joachim Houeland
Corporate Treasurer and Investor Relations
(+47) 51 30 80 00
Joachim.Houeland@archerwell.com

For Media:
Dustin Childers
Director of Marketing
+1 713 856 4222
dchilders@archerwell.com