Archer secures contract for Apache's Forties, Beryl fields

HAMILTON, Bermuda -- Archer Limited announces that effective from Jan. 1, 2018, Apache have awarded a new three-year contract to Archer for the provision of Platform Drilling Management Services which include operations and maintenance on their Forties and Beryl fields. This will include the Forties Alpha, Bravo, Charlie and Delta as well as the Beryl Alpha and Bravo platforms. In addition to the firm contract term, two additional two-year extension options are available. Archer has provided these services to Apache on the Forties and Beryl fields since 2004 and 2012 respectively. The new fixed term contract ensures Archer’s continued operations for Apache on the UKCS until at least Dec. 31, 2020.

With this award, Archer’s offshore drilling crews will continue to provide drilling operations and maintenance services for eleven major operators on forty two installations in the North Sea, two in Brazil and one tender-assist barge rig in Greece. This award from Apache follows successful contract awards / renewals in 2017 with Shell UK Limited, Chevron (UK), Marathon Oil (UK), Repsol (Norway), Energean Oil & Gas (Greece) and Statoil (Brazil).

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.