Oilfield services firm Archer has secured extension of frame agreement for well services with Equinor in the North Sea.
The two-year extension contract covers plug and abandonment, fishing and downhole mechanical isolation equipment.
Based on current activity levels, the additional backlog is estimated at $60 million for the 24 months period, starting from June 2024.
“We are pleased to continue our Well Services operations for Equinor in the North Sea. P&A services is a key part of the Archer strategy, and we look forward to continuing to deliver cost-effective, efficient, and innovative P&A solutions to our clients in the future,” said Nicholas Pantin, EVP Archer Well Services.
