Archer Limited announces that it has secured a contract extension with a major operator for two more years. The contract extension is scheduled to commence 1st November 2018 and ensures continuity of platform drilling operations and maintenance management services on seven platforms located in the UK sector of the North Sea.

This award represents the sixteenth contract extension and competitive re-tender award to Archer in the last four years for platform drilling operations and maintenance services in the UK, Norway, Greece and Brazil.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Archer

Archer is a global oil services company with a heritage that stretches back over 40 years. With a strong focus on safety and delivering the highest quality products and services, Archer operates in 40 locations over 19 countries providing drilling services, well integrity & intervention, plug & abandonment and decommissioning to its upstream oil and gas clients.