Brief: Archer Receives Extension Notification From Pan American Energy For Drilling Services Contract In Argentina

Archer

10/06/2021 06:34

June 10 (Reuters) - Archer Ltd  ARCHER.OL :
    * ARCHER LIMITED: ARCHER RECEIVES EXTENSION NOTIFICATION
FROM PAN
AMERICAN ENERGY LLC FOR DRILLING SERVICES CONTRACT IN ARGENTINA
    * TOTAL ESTIMATED VALUE OF CONTRACT EXTENSION, BASED ON
CURRENT
ACTIVITY LEVEL, IS EXPECTED TO BE USD 200 MILLION, SUBJECT TO
ACTUAL ACTIVITY LEVEL, SERVICES PROVIDED, AND FINAL CONTRACT
TERMS WHICH ARE TO BE NEGOTIATED
    * PAN AMERICAN ENERGY LLC PROVIDED A TWO YEAR EXTENSION
NOTIFICATION FOR ARCHER'S DRILLING, WORKOVER AND PULLING
SERVICES CONTRACT FOR PAN AMERICAN'S CERRO DRAGON FIELD IN GOLFO
SAN JORGE BASIN IN SOUTHERN ARGENTINA

Source text for Eikon:  ID:nWkr5W6vpn 
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