Archer Limited: Repsol Norge awards Archer additional contracts for P&A and related services.

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 […]

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Archer Limited : Notice of annual general meeting

Hamilton, Bermuda (August 31, 2017) Archer advises that its 2017 Annual General Meeting will be held on September 22, 2017. The record date for voting at the Annual General Meeting is set to July 24, 2017.  A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial statements for […]

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Archer Limited : Announces Filing of Registration Statement for Proposed Initial Public Offering by Quintana Energy Services Inc

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 […]

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Archer Limited : Repsol Norge awards Archer a four-year contract for the provision of P&A rig operations on the Norwegian Continental Shelf

Hamilton, Bermuda (August 9, 2017)  Archer Limited announces a four-year contract for P&A rig operations. The contract scope includes permanent plugging and abandonment of the wells on the Gyda platform operated by Repsol Norge AS. In addition to the firm contract term, three additional two-year extension options are available. The contract scope includes drilling and […]

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Archer Limited : Second quarter and first half 2017 financial report

Hamilton, Bermuda (July 28, 2017) Second quarter 2017 highlights Revenue $209.2 million. EBITDA of $15.7 million, excluding restructuring costs of $2.8 million. Net income of $112.9 million, including net financial gain of $121.1 million from the refinancing. Secured contract with Pan American Energy for Land Drilling totalling $700 million. Secured renewal of three contracts with […]

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Archer Limited : 2017 Annual General Meeting

Hamilton, Bermuda (July 14, 2017) Archer Limited advises that its 2017 Annual General Meeting will be held on September 22, 2017. The record date for voting at the Annual General Meeting is set to July 24, 2017. The notice, agenda and associated material will be distributed prior to the meeting This information is subject to […]

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Archer Limited : Debt refinancing completed

Hamilton Bermuda (June 29, 2017) Further to the release issued by Archer Limited (the “Company”) on June 16, 2017, the Company is pleased to announce that all conditions precedent to the Restructuring Documents have been satisfied. This means that the debt refinancing of the Company, as announced on 28 February 2017, has been completed. Enquiries: […]

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Archer Limited : Update on comprehensive refinancing – Scheme of Arrangement sanctioned by the Supreme Court of Bermuda

Hamilton, Bermuda (16 June, 2017) Further to the press release issued by the company on 3 May 2017, Archer Limited (“Archer“) is pleased to announce that the scheme of arrangement (the “Scheme“) in connection with the debt refinancing of the company (the “Refinancing“) was sanctioned by the Supreme Court of Bermuda at the sanction hearing […]

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Archer Limited : Outlines strategy and outlook at Investor Day 2017

Hamilton, Bermuda (May 10, 2017) Archer Limited (“Archer”) today presents the company strategy and financial outlook at its Investor Day 2017 held in Oslo, Norway. The company outlines its leading positions in selective segments of the oil services industry, an EBITDA margin target of 11% through the cycle, and the ambition of selective non-core divestments. […]

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