Archer is pleased to announce the award of a platform drilling contract with OKEA ASA. The new contract has an initial estimated value of NOK 850 million over a firm 5-year period and includes an additional 2-year optional period. This award expands Archer’s footprint in Norway and underscores our commitment to high-quality, safe, and innovative solutions in the energy industry.

Archer will provide comprehensive platform drilling services, including workover and drilling operations, well maintenance, and drilling facilities engineering, to enhance OKEA`s offshore asset Brage in Norway. The platform drilling services will commence at the end of this year.

Commenting on this achievement, Alexander Olsson, EVP Archer Platform Operations, said, “We are pleased to be chosen by OKEA as their partner for their drilling program at Brage. We look forward to a successful collaboration and are confident in our ability to contribute to OKEA becoming a leading operator of mid- to late-life assets at the Norwegian continental shelf”.

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 providing drilling services, well integrity & intervention, plug & abandonment and decommissioning to its upstream oil and gas clients.

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental shelf (NCS). OKEA finds value where others divest and has an ambitious strategy built on growth, value creation and capital discipline.
OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)