Archer completes acquisition of Premium Oilfield Services

Archer Limited announced on October 2, 2025, the successful closing of its acquisition of Premium Oilfield Services, LLC. This transaction follows the initial agreement announced on September 24, 2025.

Premium Oilfield Services is a US provider specializing in fishing and P&A (plug and abandonment) related services. The acquisition is expected to generate meaningful synergies, leveraging Premium's experienced workforce, strong reputation with major operators, and extensive equipment portfolio.

The combined client bases are projected to cover over 80% of the estimated $15 bn spend in deepwater P&A and decommissioning in the Gulf of America through 2040, significantly enhancing Archer's market position.