Brief: Archer Acquires Managed Pressure Drilling Service Provider

Archer

31/07/2024 15:08

July 31 (Reuters) - Archer Ltd  ARCHA.OL :
    * ACQUIRES MANAGED PRESSURE DRILLING SERVICE PROVIDER
    * DEAL WITH AIR DRILLING ASSOCIATES, INC TO ACQUIRE THEIR MANAGED PRESSURE DRILLING UNIT ADA
ARGENTINA
    * PURCHASE PRICE IS PAID WITH CASH GENERATED BY ARCHER'S EXISTING OPERATIONS IN ARGENTINA
    * PURCHASE PRICE WILL BE SETTLED OVER THREE YEARS
    * DEAL EXPECTED TO INCREASE ARCHER'S 2025 EBITDA BY 2-4%

Source text for Eikon:  ID:nWkr6WGkg 
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