Brief: Archer Oiltools Secures 2-Year Contract Extension From Equinor

Archer

06/05/2022 07:49

May 6 (Reuters) - Archer Ltd  ARCHA.OL :
    * ARCHER LIMITED: WELL SERVICES SECURES EXTENSION OF FRAME
AGREEMENT WITH EQUINOR IN THE NORTH SEA
    * HAS BEEN AWARDED A 2-YEAR CONTRACT EXTENSION FROM EQUINOR
ENERGY
AS IN NORTH SEA
    * CONTRACT COVERS PLUG AND ABANDONMENT, FISHING AND DOWNHOLE
MECHANICAL ISOLATION EQUIPMENT
    * ADDITIONAL BACKLOG IS ESTIMATED AT $60 MILLION FOR 24
MONTHS
PERIOD WHICH WILL COMMENCE IN JUNE THIS YEAR

Source text for Eikon:  ID:nWkr3XVJ3H 
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