Archer is pleased to announce the successful extension of its frame agreement with Equinor for the provision of P&A solutions (TCP services), fishing and downhole mechanical isolation services. The contract extension is for a period of two years and has an estimated value of NOK 700 million.

The renewed agreement reinforces Archer’s long-standing relationship with Equinor and underscores the company’s continued commitment to delivering high-quality, reliable well services across the Norwegian Continental Shelf.

Under the terms of the extension, Archer will continue to provide a comprehensive suite of well services, leveraging its technical expertise, operational efficiency, and focus on safety to support Equinor’s ongoing and future fishing services and well abandonment activities.

Nicholas Pantin, EVP of Archer, commented:

“We are very pleased to secure this contract extension with Equinor. This agreement is strategically important for Archer, as it strengthens our position as a trusted well services and P&A provider on the Norwegian Continental Shelf and globally. It also reflects the confidence Equinor places in our capabilities, our people, and our commitment to delivering safe and efficient operations. We look forward to continuing our collaboration and supporting Equinor in maximizing value from their assets.”

This contract extension further solidifies Archer’s backlog and enhances the company’s visibility for the coming years.

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.