Oilfield companies supplier Archer has secured a four-year contract extension with Apache for the supply of platform drilling operations and upkeep companies within the UK North Sea.
Apache’s belongings included on this deal are Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie and Delta.
The extension will begin on 1 January 2021 in direct continuation of the present contract, Archer stated in a press release on Wednesday.
Based on present and anticipated future exercise, together with further companies via our Engineering, Rentals and Oiltools divisions, the extension has an estimated worth of as much as $100 million.
The earlier contract awarded by Apache to Archer was in January 2018.
In addition to the agency, three-year contract time period, the deal included two further two-year extension choices.
Dag Skindlo, CEO of Archer, commented on the most recent extension: “The extension strengthens our long-term enterprise relationship with Apache, which dates again to 2004, and our place as a serious supplier of platform-based drilling and intervention options within the UK”.
“During these difficult instances, the professionalism of our group has ensured protected and environment friendly companies to Apache. We firmly consider this contract win is a results of Archer’s continuous dedication to offer operators with our expertise and the correct options to enhance properly supply, integrity and efficiency”, continued Skindlo.
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