Equinor ASA has awarded Archer a three-year contract extension for wireline and intervention services on the Norwegian Continental Shelf.

The extension builds on the integrated wireline contract originally awarded to Archer in 2021, under which the company, along with partners, delivered services across key Equinor assets. While extension options were available in the original contract, the current award represents a firm three-year extension, providing continued operational continuity and visibility.

The contract represents a total contract value of approximately NOK3bn (around US$322,117), with around half attributed to Archer and the remainder allocated to alliance partners.

Dag Skindlo, Chief Executive Officer at Archer, said, “This contract extension reflects the strong and long-standing relationship we have built with Equinor. We are pleased to continue supporting Equinor’s operations and consider this agreement strategically important for Archer. It provides long-term visibility to our business, reinforces the strength of our alliance model, and demonstrates the trust placed in our people, technology and service quality.”

The agreement reinforces Archer’s position as a trusted provider of advanced well services, supporting Equinor’s operations through the continued delivery of wireline and intervention solutions.