Archer has been awarded a four-year contract extension for platform drilling services for
"This is a large and important contract win for Archer. It provides us with excellent activity level and visibility over the next four years," says Dag Skindlo, CEO of Archer.
Under the contract, Archer will provide platform drilling services to nine out of
"Archer remains the largest platform drilling services provider for
At year-end 2023, Archer's order backlog stood at
The extension will commence on
As previously communicated, Archer estimates 15-20% EBITDA growth in 2024 as well as further reduction of leverage ratio to between 2.4 and 2.7 at year-end 2024.
For additional information please contact:
Joachim Houeland, Manager Treasury & Investor Relations | Mobile: +47 482 78 748 | Email: joachim.houeland@archerwell.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
https://news.cision.com/archer-limited/r/archer-limited--archer-secures-nok-8-billion-platform-drilling-contract-with-equinor,c3945670
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