Archer Limited : PanAmerican Energy will award Archer a four year contract for drilling services in southern Argentina with an estimated contract value of NOK 6 billion

Hamilton, Bermuda  (May 10, 2017) Archer Limited (“Archer”) announces that PanAmerican Energy («PanAmerican») will award Archer’s subsidiary DLS Argentina Ltd. Surcusal a four-year contract for the provision of Drilling, Workover and Pulling Services for PanAmerican’s Cerro Dragon field in the Golfo San Jorge basin in southern Argentina. Archer has provided Drilling, Workover and Pulling Services […]

Read More

Archer Limited : First Quarter 2017 Trading Update

Hamilton, Bermuda (May 4, 2017) First quarter 2017 highlights  Archer agreed the terms of a comprehensive debt refinancing and raised $100 million in a private placement. First quarter revenue was $201.6 million. First quarter underlying EBITDA was $17.3 million, excluding restructuring costs of $2.4 million. Net loss was improved by $26 million from $48.3 in […]

Read More

Archer Limited : Update on comprehensive refinancing – final documentation in agreed form and implementation by way of scheme of arrangement commenced

Hamilton, Bermuda (May 3, 2017) Reference is made to the release concerning the comprehensive debt refinancing (the “Refinancing”) of Archer Limited (“Archer” or the “Company”) as announced on 28 February 2017. As previously announced, Archer has secured agreement with lenders representing 94% of the exposure under the Company’s main facility, the USD 625 million revolving […]

Read More

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

Hamilton, Bermuda (May 2, 2017) Archer Limited’s first quarter 2017 trading update is scheduled to be released on Thursday May 4, 2017. In connection with the trading update release, a conference call will be held at 8:00 Houston time, 14:00 London time, 15:00 Oslo time on Thursday May 4, 2017. To listen to the conference […]

Read More

Archer Limited : Annual Report 2016

Hamilton, Bermuda (April 28, 2017)   Attached is the annual report for 2016 for Archer Limited.  The report will also be available on Archer’s website:   This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Attachments Archer Limited 2016 Annual Report

Read More

Archer Limited : Share capital increase – Subsequent Offering

Hamilton, Bermuda (April 26, 2017) Reference is made to the announcement by Archer Limited (the “Company”) on 20 April 2017 regarding the final result of the Subsequent Offering, in which 4,925,171 shares (the “New Shares”) at a Subscription Price of NOK 10.00 per share were allocated. The Company announces that 4,925,171 new shares of a […]

Read More

Archer Limited : Update on comprehensive debt refinancing

Hamilton, Bermuda (April 26, 2017) Reference is made to the stock exchange announcement on February 28, 2017 (the “Release”) describing the comprehensive refinancing of Archer Limited (“Archer”), which has been further described in the Prospectus dated March 31, 2017.  Archer has now entered into agreements with Seadrill Limited (“Seadrill”) to convert approximately USD 146 million […]

Read More

ComTrac® system in operation

The ComTrac® system is performing field trials after extensive test well runs, with one package currently onshore in the Middle […]

Relates To
  • Wireline
  • ComTrac
Read More

Archer Limited : Invitation to Archer 2017 investor day

Archer Limited is pleased to invite investors, analysts and media to an investor day in Oslo on 10 May 2017. Date: Wednesday 10 May 2017 Registration & breakfast: 08:30 CET Presentations: 09:00-12:00 CET Venue: Engineerium, Snarøyveien 20, 1364 Fornebu Language: English Investor day presentations by:  John Lechner – CEO Archer and Dag Skindlo – CFO […]

Read More