The extension will commence 1 January 2021 in direct continuation of the current contract. Based on current and expected future activity, including additional services through our Engineering, Rentals and Oiltools divisions, the Extension has an estimated value of up to US$100 million.
Dag Skindlo, CEO of Archer commented: “We are very pleased to secure this contract extension which underlines Apache’s confidence in Archer’s capabilities in providing platform drilling and maintenance services on their assets. The extension strengthens our long-term business relationship with Apache, which dates back to 2004, and our position as a major provider of platform-based drilling and intervention solutions in the UK.”
“During these challenging times, the professionalism of our team has ensured safe and efficient services to Apache. We firmly believe this contract win is a result of Archer’s continual commitment to provide operators with our experience and the right solutions to improve well delivery, integrity and performance,” continued Skindlo.
For more news and technical articles from the upstream industry read the latest issue of Oilfield Technology magazine.
The September/October issue begins by looking at the recovery of the North American upstream industry before going on to cover a range of technical features. These include Completions, Software and Automation, MWD/LWD among others, as well as our Downhole Tools Review.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/24092020/archer-lands-four-year-contract-extension-with-apache-for-north-sea-work/