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RNS - Archer and Repsol Sign Major Five-Year Contract for late life and P&A services

Company: Archer Date: 2025-05-02 Language: English Register to download

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 Archer and Repsol Sign Major Five-Year Contract for late life and P&A services

# Archer and Repsol Sign Major Five-Year Contract for late life and P&A services

Hamilton, Bermuda (May 2, 2025)  

  

Archer, a leading provider of drilling and well services, has signed a five-year  

contract with Repsol Resources UK for platform drilling services, facilities  

engineering, coil tubing, wireline services, and downhole well service  

technologies. The agreement includes a two-year optional extension.  

  

This strategic partnership will support late-life operations and plug and  

abandonment activities on Repsol's extensive platform portfolio including Piper,  

Claymore, Tartan, Saltire, Auk, Arbroath, Montrose, Beatrice, and Clyde. A key  

component of the contract is the P&A scope, covering approximately 130 wells.  

  

Dag Skindlo, CEO of Archer, is proud to announce this milestone win "We are  

pleased to strengthen our partnership with Repsol through this major long-term  

agreement within our strategic focus on P&A services. We have robust technical  

and attractive commercial offerings within late life and P&A, and our team is  

committed to delivering operational excellence, innovation, and sustainability  

in the decommissioning of these assets."  

  

This agreement further solidifies Archer's position as a trusted provider of  

integrated drilling and well services with commitment to safe and cost-effective  

operations in the North Sea.  

  

For additional information, please contact:  

  

Espen Joranger, Chief Financial Officer, Mobile: +47 982 06 812, Email:  

espen.joranger@archerwell.com  

  

Joachim Houeland, Manager Treasury and Investor Relations, Mobile: +47 482 78  

748, Email: joachim.houeland@archerwell.com  

  

This information is subject to the disclosure requirements pursuant to section 5  

\-12 of the Norwegian Securities Trading Act.