Archer nets five-year deal for services on Aker BP platforms

Oilfield services provider Archer has secured a five-year contract from Aker BP for the provision of platform drilling operations and maintenance services on the Ula and Valhall installations in the Norwegian sector of the North Sea.

The contract also includes an additional three -year extension option, Archer said on Tuesday.

The contract will start on 1 January 2021 in direct continuation of the current contract.

To remind, Archer in September 2019 was awarded a 15-month extension to its existing platform drilling and maintenance services contract for Aker BP’s Valhall and Ula platforms.

This extension started at the beginning of October 2019.

Under the new deal, Archer said it will deliver platform drilling, maintenance services and intervention support, including further integrated engineering, rental equipment and well services where required as part of its #OneArcher service offering.

Dag Skindlo, CEO of Archer, commented: “Our experience with the Ula and Valhall assets stretches back over 30 years and we are immensely proud of this legacy. Aker BP’s long-term commitment to Archer outlines their continued confidence in our ability to deliver safe and efficient operations and we are delighted to continue this relationship.

“I would like to take this opportunity to thank our personnel for their hard work and commitment to the Aker BP operations and their drive to provide our clients with innovative and collaborative solutions that improve well delivery and integrity”.

The Ula field is located in the southern part of the North Sea and consists of three platforms.

The field centre serves as an area hub for the satellite field Tambar, and as a third-party host for the Oselvar and Blane fields.

Valhall is a giant oilfield in the southern Norwegian North Sea.

Production started in 1982 and following the commissioning of the new PH platform in 2013 the field now has the potential to continue producing for several decades.