Hamilton, Bermuda (June 26, 2026)
Archer Limited ("Archer") is in advanced negotiations for a large contract for plug and abandonment ("P&A") services.
The potential contract relates to a multi-year P&A scope involving drilling, compact workover unit and well services. The parties are in an advanced stage of negotiations, and we expect the contract to be signed within a short timeline, however there can be no assurance that a final agreement will be reached.
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.