The total estimated value of the contract extension, based on current activity level, is expected to be US$200 million, subject to actual activity level, services provided, and final contract terms which are to be negotiated.
Dag Skindlo, CEO of Archer, commented: “Pan American is a leading player in the oil and gas industry in Argentina and this contract extension reflects their confidence in Archer’s ability to deliver safe and cost-effective operations in Argentina.”
Read the latest issue of Oilfield Technology in full for free: Issue 1 2021
Oilfield Technology’s first issue of 2021 begins with a look at US tight oil’s prospects this year. The issue then moves on to cover completions technology, production forecasting, electric fracturing, sand recovery and more.
Exclusive contributions come from Rystad Energy, Archer, Weatherford, Halliburton, CGG, NOV, TETRA Technologies, Clariant and more.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/10062021/archer-receives-drilling-services-contract-extension-in-argentina/