Brief: Archer Raises EBITDA Guidance For 2023 To 25%-35% Above 2022

Archer

28/02/2023 06:13

Feb 28 (Reuters) - Archer Ltd  ARCHA.OL :
    * RAISES EBITDA GUIDANCE FOR 2023 TO 25%-35% ABOVE 2022
    * GOING INTO 2023 HAS BACKLOG OF $2.3 BILLION WITH
ADDITIONAL $2.2
BILLION IN CONTRACTED OPTIONS
    * SEES IMPROVEMENTS IN OUR WELL SERVICES DIVISION
    * EXPECTS MODERATE GROWTH IN OUR PLATFORM OPERATIONS
DIVISION IN
2023 OVER 2022
    * EXPECTATION FOR OUR LAND DRILLING DIVISION IS TO GROW
EBITDA BY
25-40% IN 2023
    * EXPLORES ALTERNATIVES FOR DEBT, BELIEVES WILL HAVE
SOLUTION WELL
AHEAD OF MATURITY 1ST OCTOBER 2023

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