Region: North Sea
Content Types: Report
Date: May, 2023

offshore plug and abandonment

Archer has announced the award of a five-year contract for the provision of coiled tubing and pumping services with Perenco UK Limited in the United Kingdom.

The contract, with an estimated value of up to US$50mn, contains two options of one year each and commenced 3 May 2023 in direct continuation of company's previous contract with Perenco.
Dag Skindlo, CEO of Archer, commented, “We are extremely proud to announce this long-term coiled tubing and pumping contract. This commitment reflects our client’s confidence in our ability to maintain safe operations and continue our strong service delivery performance.

“Archer announced the acquisition of the Baker Hughes UK Coiled Tubing business early in 2023 and assumed operations from 4 April. We have successfully transitioned the business and have a dedicated Archer Coiled Tubing team of 50 experienced and skilled employees performing safe and efficient services in the UK.

“We look forward to continuing growing the Archer service offering in the UK and bringing value to our clients’ P&A, workover, and intervention programmes.”