Archer secures $60m contract renewals in Argentina's Vaca Muerta

Archer Limited announced on August 29, 2025, that it has secured two contract renewals with Pan American Energy for drilling services in Argentina's Vaca Muerta region. These contracts are a direct continuation of existing agreements and have been extended for an additional two years. The estimated combined value of these renewals is around $60 million.

Gerardo Molinaro, vice president Archer Land Drilling, expressed enthusiasm for the extended partnership, highlighting Pan American Energy's position as a leading player in the Argentine oil and gas sector. He noted that the renewals reflect confidence in Archer's capability to deliver safe and cost-effective operations, affirming the company's commitment to providing high-quality and efficient drilling services.