DeepWell is a leading Norwegian well intervention company focused on mechanical wireline and cased hole logging services. Headquartered in Avaldsnes,
Archer's CEO,
"An acquisition of DeepWell would secure Archer's access to a modern fleet of electric wireline units, as well as enable participation in the vessel-based light well intervention market. Strengthening our equipment fleet, broadening our low carbon/low emission solutions and continuing our track record for service quality are all key aspects of our strategy on the NCS. We are impressed by DeepWell's team and look forward to continuing this process with them."
For additional information please contact:
Joachim Houeland, Manager Treasury and 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-signs-offer-letter-to-acquire-deepwell,c3333038
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