Hamilton Bermuda (January 14, 2026)

Archer, in collaboration with SLB, has been awarded an integrated plug and abandonment (P&A) contract with Equinor for the Titan platform in the Gulf of America (GoA).

The service offerings under the contract includes project management, well engineering, provision of a compact workover rig, coiled tubing, wireline services, and a suite of downhole P&A technologies and the scope covers P&A of three wells.  The award highlights the strong complementary capabilities of the two companies, combining SLB’s established deepwater leadership in the region with Archer’s specialist expertise as a P&A service provider.

Dag Skindlo, CEO of Archer, commented on the award “This integrated deepwater P&A project builds on our momentum following several large P&A contract awards in the North Sea in 2025. The recent acquisitions of the US based fishing specialists WFR and Premium were key steps in our strategy to position Archer as a leading service provider in the growing deepwater P&A market in the GoA. I would like to thank Equinor for the trust they place in our people and our solutions.”

For additional information, please contact:

Espen Joranger, Chief Financial Officer — Mobile: +47 982 06 812, Email: espen.joranger@archerwell.com

Joachim Houeland, Manager Treasury and Investor Relations — Mobile: +47 482 78 748, Email: joachim.houeland@archerwell.com