Archer lands three-year wireline extension on NCS from Equinor

Salong Debbarma

Mon, April 27, 2026 astatine 8:36 AM CDT 2 min read

Archer, a good services company, has secured a declaration hold for 3 years to supply wireline and involution services for Equinor connected the Norwegian Continental Shelf (NCS).

The extended declaration has a full worth of astir Nkr3bn, with astir fractional allocated to Archer and the different fractional to its confederation partners.

It follows an archetypal integrated wireline statement from 2021, nether which Archer and its partners person delivered services crossed respective Equinor assets.

The archetypal model allowed for 3 optional two-year extensions, but the existent improvement constitutes a fixed three-year period. This statement ensures continued work proviso and operational readying for the parties.

Archer CEO Dag Skindlo said: “This declaration hold reflects the beardown and long-standing narration we person built with Equinor. We are pleased to proceed supporting Equinor’s operations and see this statement strategically important for Archer.

“It provides semipermanent visibility to our business, reinforces the spot of our confederation model, and demonstrates the spot placed successful our people, exertion and work quality.”

Last month, Archer won a three-year declaration hold for wireline services from an undisclosed relation nether a long‑term framework agreement. Based connected enactment levels successful 2025, the declaration is expected to make yearly gross equivalent to astir 7–9% of full Well Services revenue.

Meanwhile, Equinor and its co-licensees precocious concluded drilling operations astatine the Skoll and Hati prospects eastbound of the Visund tract successful the Norwegian North Sea, without making immoderate hydrocarbon discoveries.