Brief: Archer Gets 5-Year Contract In The UK Worth Up To $50 Mln

Archer

25/05/2023 09:08

May 25 (Reuters) - Archer Ltd  ARCHA.OL :
    * ARCHER SECURES FIVE-YEAR COILED TUBING AND PUMPING
CONTRACT IN
THE UK WITH ESTIMATED POTENTIAL VALUE OF UP TO $50 MILLION
    * CONTRACT CONTAINS TWO OPTIONS OF ONE YEAR EACH
    * CONTRACT COMMENCED MAY 3, 2023 IN DIRECT CONTINUATION OF
OUR
PREVIOUS CONTRACT WITH PERENCO
    * ESTIMATED CONTRACT VALUE, BASED ON EXPECTED ACTIVITY LEVEL
FOR
COMMITTED TERM, IS AN ESTIMATED POTENTIAL VALUE OF UP TO $50
MILLION

Source text for Eikon:  ID:nWkr5DYTB2 
Further company coverage:  ARCHA.OL 

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