Archer - the well company

𝗬𝗼𝘂 𝗠𝗮𝘁𝘁𝗲𝗿 💛 Today is World Mental Health Day. In Archer, we dedicate a full month to raise awareness around mental wellbeing through global and local initiatives. We are committed to supporting the mental health of all employees - because feeling seen, heard, and supported makes a real difference.   With the theme You Matter, we’ve hosted activities, shared stories, and encouraged open conversations across teams. We truly appreciate how our employees have engaged in the campaign.   Take a look at the pictures below to see what we have done 💛   #WeAreArcher #YouMatter #WorldMentalHealthDay

𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗔𝗿𝗰𝗵𝗲𝗿 𝗧𝗲𝗰𝗵 𝗗𝗮𝘆 ✨   Today we had the pleasure of hosting Archer Tech Day, welcoming over 180 people to an inspiring and engaging event at Tou Scene. From the stage we showcased our role as one of the leading players in P&A, and proudly unveiled new technology that was very well received by our visitors. The day was a great opportunity for people to meet, share ideas, and we are also grateful for the constructive and useful feedback that we got from our customers. A big thank you to everyone who attended this event, and everyone who helped make this day such a success! 🙌 #WeAreArcher #TechDay

𝗔𝗿𝗰𝗵𝗲𝗿 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝘀 𝗨𝗦 𝘄𝗲𝗹𝗹 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗢𝗶𝗹𝗳𝗶𝗲𝗹𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 We are pleased to announce the acquisition of Premium Oilfield Services, a respected US well service provider specializing in fishing and plug & abandonment (P&A) services. The acquisition will notably strengthen Archer’s service offering in the Gulf of America. Premium brings with them a team of highly skilled personnel and an extensive portfolio of well-maintained fishing equipment, enabling further growth for Archer in the region. Dag Skindlo, CEO of Archer, commented: "Premium’s first-class team and strong reputation with major operators in the Gulf of America fits well with our strategy of synergetic and value-creative bolt-on acquisitions. Their client base is highly complementary to Archer’s, with the combined customer portfolio covering more than 80% of the anticipated $15 billion deepwater P&A and decommissioning market in the region through 2040. Together, we are even better positioned to capture a large share of this growing market and deliver significant value for our clients going forward. On behalf of Archer, I would like to give a warm welcome to the talented Premium team – we’re thrilled to have you join Archer, and we look forward to building on this strong foundation together.” Read the full press release here 👇 https://lnkd.in/ddnAjcBA #WeAreArcher

𝗦𝗼𝗺𝗲 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 𝗳𝗮𝗱𝗲. 𝗢𝘂𝗿𝘀 𝗸𝗲𝗲𝗽 𝗿𝗲𝘄𝗿𝗶𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗲𝗰𝗼𝗿𝗱 𝗯𝗼𝗼𝗸𝘀!   Stronghold® Barricade®, our perforate, wash and cement, has been in the market for over a decade. Yet it keeps pushing the limits - year after year, record after record, all thanks to our great team.   ▪️In Brazil, the first-ever Perforate, Wash, and Cement operation was performed through the salt layer at 5,500 m using the Stronghold Barricade tool - a milestone at that depth. ▪️In Norway, the operation pushed boundaries by reaching 6,235 m with an 80° deviation, showcasing exceptional engineering using the Stronghold Barricade tool.   In Archer, when our team achieve a new milestone, we mark the moment - sometimes even with a t-shirt! #WeAreArcher #PerforateWashCement

𝗥𝗲𝗰𝗼𝗿𝗱-𝗯𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝘄𝗲𝗹𝗹 𝗼𝗻 𝗕𝗿𝗮𝗴𝗲 🎉 We are proud to have delivered the longest well ever drilled from the Brage platform, 10,223 meters, as part of OKEA ASA’s successful A-15 B exploration well in the Talisker area. This well encountered hydrocarbons in multiple formations, including Statfjord, Cook, and both Upper and Lower Oseberg, a major milestone for Brage and the Talisker development. "I’m really proud of the team and what we’ve achieved together. This well shows how we combine our competence and technology to push the limits of what's possible from the Brage platform", says Rig Manager Bjørn Ove Nymark. Despite being designed for shorter wells, the Brage rig continues to outperform expectations, helping unlock new resources and extend the platform’s life, a true testament to the strength of collaboration and technical execution. Well done to everyone involved. We are proud to be part of the Brage-team! #WeAreArcher #BragePlatform 📷: OKEA

𝗣𝗿𝗼𝘂𝗱 𝗺𝗮𝗶𝗻 𝘀𝗽𝗼𝗻𝘀𝗼𝗿 𝗼𝗳 𝗜𝗢𝗡 𝗥𝗮𝗰𝗶𝗻𝗴 🎓🔧🏎️ We believe in supporting the next generation of talents. That’s why we’re proud to continue as main sponsor of the ION Racing team for the 2025/26 season.   ION Racing UiS is the University of Stavanger’s own Formula Student team, where 40+ passionate students from a wide range of disciplines come together to design, build, and race an electric formula-style car.   Supporting ION Racing is more than a sponsorship – it’s a collaboration between education and industry, and a great way to stay connected with some of the most talented and motivated students in our region.   We’re excited for the road ahead, and can’t wait to see what the team builds next! 🏁   #WeAreArcher #IONRacing 📷: IMechE Formula/Archer 

𝗤𝟮 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗲𝘀𝘂𝗹𝘁𝘀 𝗮𝗻𝗱 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗰𝗮𝘀𝗵 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝘁𝗼 𝘀𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀 Today we announced our strong Q2 financials and confirm quarterly cash distribution to shareholders, equal to an annualized yield of 11%. CEO, Dag Skindlo comments: “We are pleased to deliver financial growth in a more challenging well service market. We continue our strategic focus on late life and P&A operations while being the preferred partner for our customers. We report strong cash conversion from operations and are pleased to confirm cash distribution to shareholders in line with our commitment”. Highlights from the Q2 financials: ▪️Revenue of $348.9 million, up 13% YOY ▪️EBITDA of $38.0 million, up 16% YOY ▪️Adjusted EBITDA of $41.7 million, up 30% YOY ▪️Quarterly cash distribution to shareholders of $5.5 million ▪️Awarded late-life operations and P&A contract by Repsol in the UK ($150m) ▪️Renewed pulling and workover contract with PAE in Argentina ($210m) Read the full press release here 👇 https://lnkd.in/dCNEFFMx #WeAreArcher 

𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝘂𝘀, 𝗖𝗵𝗮𝗿𝗹𝗼𝘁𝘁𝗲 👋 We are pleased to announce that Charlotte Berge has joined Archer as Executive Vice President Renewables. Charlotte brings extensive experience from the energy sector – both in renewables and oil and gas, including extensive leadership roles within hydrogen and oil and gas. Her background and insights will be valuable as we continue to grow our renewable energy portfolio and drive forward Archer’s long-term sustainability ambitions. In her new role, she will work closely with our three renewable companies: Archer Wind, Vertikal Service - An Archer company, and Iceland Drilling Company Ltd. We are confident that her leadership will help us unlock new opportunities and further strengthen our contribution to the energy transition. “I’m excited for the journey ahead with Archer and to working alongside a talented team of companies to help drive meaningful progress toward a more sustainable energy future,” says Charlotte. We are happy to welcome Charlotte to the Archer team! #WeAreArcher #Renewables

𝗦𝗼𝗹𝗮𝗿 𝗽𝗮𝗻𝗲𝗹𝘀 – 𝗮𝗻𝗱 𝗮 𝗹𝗼𝘄𝗲𝗿 𝗰𝗮𝗿𝗯𝗼𝗻 𝗳𝘂𝘁𝘂𝗿𝗲 ☀️ From Stavanger to Aberdeen to Argentina, solar energy is a part of Archer`s everyday operations. Our solar installations are now producing over 1.000.000 kWh of clean electricity annually for internal use. That’s equivalent to the yearly electricity consumption of more than 250 residences in Europe. The energy we don’t use is sold back to the local grid, showing how smart energy solutions are already delivering impact today. This is one of many concrete steps we are taking towards a more sustainable future, and it’s part of our low carbon agenda 🌱 Learn more about how we’re building a smarter, cleaner, future here: https://lnkd.in/dTDm5H6h #WeAreArcher

𝗙𝗿𝗼𝗺 𝗮𝗺𝗯𝗶𝘁𝗶𝗼𝗻 𝘁𝗼 𝗿𝗲𝗮𝗹𝗶𝘁𝘆 💪👷♀️ In 2014, Kristine Reinsnos started her journey in Archer as an apprentice. In 2021 she set herself a clear goal: to become the first female supervisor in the company's history. In May this year, she made her ambition a reality. But Kristine didn’t stop there. She also had a second ambitious goal – forming the first female wireline crew. And this summer, she achieved it, working alongside with her colleagues Marie-Chloé Duplessy, Magreta Haraldsen Granberg, and Emilie Berg Hansen. «I am happy to see the growing number of women in our industry and especially in Well Services. We work together through challenges and support each other. I am proud to have achieved both of my goals this early in my career. I hope this can encourage more women to apply to work for Archer”, says Kristine. Kristine`s story is a powerful example of what happens when ambitions meet opportunities. At Archer, diversity matters – not as a box to check, but as a reflection of the best talent rising to the top. Congratulations, Kristine. You're opening doors for many more to follow. #WeAreArcher