Archer Limited proclaims that Pampa Energy S.A. has awarded Archer’s wholly owned subsidiary DLS Archer Ltd. a three 12 months contract, commencing August 1st of this 12 months, for the supply of land drilling companies for DLS Archer Rig 165 within the Vaca Muerta area of Argentina. In addition to the agency contract time period, two further three-year extension choices can be found. DLS Archer Rig 165 lately got here off contract with one other consumer, and has been working within the Vaca Muerta area the final three years.
“The thrilling shale play of Vaca Muerta is attracting appreciable consumer curiosity and demand for prime specification drilling rigs. DLS Archer holds a number one place throughout the unconventional shale play in Argentina, each when it comes to operational efficiency, drilling property and HSE efficiency. The elevated consumer demand and our robust popularity within the area have resulted within the new contract with Pampa Energy. As a part of the contract with Pampa Energy, the land drilling rig shall be upgraded from 5000 PSI to 7500 PSI and retrofitted with a strolling system to additional improve its operational capabilities and effectivity, and shall be certainly one of solely three rigs within the space with these capabilities.” mentioned Greg Helmen, VP Land Drilling.
Archer is certainly one of South America’s main suppliers of land drilling and workover companies. Through our wholly owned subsidiary, DLS Corporation, and in Brazil by one other wholly owned subsidiary, BCH Energy, Archer’s Land Drilling division has offered drilling and workover companies to operators in Argentina, Bolivia and different areas for greater than 45 years, on a turnkey or built-in challenge foundation.
The most up-to-date additions to Archer’s land rig fleet are the Quicksilver Drilling Units. These cell, revolutionary land rig models are particularly designed to ship protected and environment friendly operations. (Source and picture: Archer)
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