Archer secures $110m five-year UK drilling contract extension

Archer Limited has announced a five-year contract extension for platform drilling and maintenance services in the UK, valued at an estimated $110 million. The extended contract is set to commence on May 1, 2026, directly following the conclusion of the current agreement. Archer will continue to provide drilling, workover, abandonment operations, and maintenance services for its client.

The company highlighted that this contract award provides crucial visibility and supports its growth objectives within the UK market. Alexander Olsson, evp platform operations, commented on the client's confidence in Archer's ability to maintain safe and efficient operations across both assets, attributing the extension to the dedication of its personnel and the company's commitment to improving well delivery, integrity, and performance.