Archer has been awarded a three-year contract extension by Equinor ASA for the provision of wireline and intervention services on the Norwegian Continental Shelf.

The contract extension builds on the integrated wireline contract originally awarded to Archer in 2021, under which Archer, together with its alliance partners, has delivered services across key Equinor assets. While the original agreement included optional extension periods of three times two years, the current award represents a firm three-year extension, providing continued operational continuity and visibility.

The extension represents a total contract value of approximately NOK 3 billion, with around half attributed to Archer and the remainder allocated to alliance partners.

The agreement reinforces Archer’s position as a trusted provider of advanced well services, supporting Equinor’s operations through the continued delivery of high-quality wireline and intervention solutions, contributing to safe, efficient, and optimized well performance.

“This contract extension reflects the strong and long-standing relationship we have built with Equinor,” said Dag Skindlo, Chief Executive Officer of Archer. “We are pleased to continue supporting Equinor’s operations and consider this agreement strategically important for Archer. It provides long-term visibility to our business, reinforces the strength of our alliance model, and demonstrates the trust placed in our people, technology, and service quality.”

The contract will continue to leverage Archer’s integrated service offering alongside its alliance partners, delivering innovative and cost-efficient wireline and intervention services aligned with Equinor’s operational objectives.

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 Equinor

Equinor ASA is an international energy company headquartered in Norway. The company employs around 21,000 people worldwide. Equinor is already one of the world's most CO2-efficient producers of oil and gas. Equinor leverages strong synergies between oil, gas, renewables, carbon capture and hydrogen. Equinor participates in a consortium that has started the construction of the Northern Lights project, the world’s first full-scale and open-source CO2 transportation and storage project. The company has a growing portfolio in offshore wind with wind farms in Europe and the USA and is involved in various hydrogen projects throughout Europe.