Archer

Archer awarded integrated deepwater P&A contract in the Gulf of America

Hamilton Bermuda (January 14, 2026)

Archer, in collaboration with SLB, has been awarded an integrated plug and

abandonment (P&A) contract with Equinor for the Titan platform in the Gulf of

America (GoA).

The service offerings under the contract includes project management, well

engineering, provision of a compact workover rig, coiled tubing, wireline

services, and a suite of downhole P&A technologies and the scope covers P&A of

three wells. The award highlights the strong complementary capabilities of the

two companies, combining SLB's established deepwater leadership in the region

with Archer's specialist expertise as a P&A service provider.

Dag Skindlo, CEO of Archer, commented on the award "This integrated deepwater

P&A project builds on our momentum following several large P&A contract awards

in the North Sea in 2025. The recent acquisitions of the US based fishing

specialists WFR and Premium were key steps in our strategy to position Archer as

a leading service provider in the growing deepwater P&A market in the GoA. I

would like to thank Equinor for the trust they place in our people and our

solutions."

For additional information, please contact:

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

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

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