13/09-2017 06:49:36: (ARCHER) Archer Limited: Repsol Norge awards Archer additional contracts for P&A and related services.
Archer Limited: Repsol Norge awards Archer additional contracts for P&A and related services.
Hamilton, Bermuda (September 13, 2017)
Reference is made to the press release on August 9, 2017 regarding the award of a four year contract for P&A rig operations by Archer for Repsol Norge AS .
Archer is now pleased to announce that Repsol also has awarded Archer Wireline and Archer Oiltools four year frame agreement contracts for additional P&A services for Repsol Norge AS. The contract scope for Archer Wireline includes mechanical wireline services as well as pipe recovery and other electric-line logging services. For Archer Oiltools the contract scope includes barrier testing, establishing rock-to-rock barriers and permanent downhole mechanical isolation.
"The award of these additional contracts evidences Repsol's confidence in Archer's capabilities in providing integrated P&A services." said John Lechner, Archer CEO, "These additional contracts for Wireline and Oiltools services strengthens our long-term business relationship with Repsol and our position as a provider of integrated P&A services on the Norwegian Continental Shelf."
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire
Nyheten er levert av GlobeNewswire.