Archer secures $20 million platform drilling contract in Brazil

Oil services company Archer has won a contract for comprehensive platform drilling services in Brazil with Trident Energy do Brasil, part of Trident Energy Group.

According to the company, this includes well interventions for regulatory requirements, workover and drilling operations, well maintenance, and drilling facilities engineering. The two-year contract, worth approximately $20 million, comes with the possibility of a one-year extension and a mutually agreed further extension after that.

Commenting on the contract win, Dag Skindlo, CEO of Archer, pointed out: “We are pleased to be chosen by Trident Energy as their partner for their drilling program. We look forward to a successful collaboration with Trident Energy and are confident in our ability to contribute to the success of their offshore operations.”

Following a period of rig reactivation and recertification managed through Archer’s Platform Operations group, the start of platform drilling services is planned for 2Q 2024, initially on the Pampo PP1 platform. 

Skindlo added: “This contract builds on our continued growth as we continue to strengthen our position in the growing energy market in Brazil. Our legacy in Brazil stretches back to 2010, when we commenced our work for Equinor on the Peregrino fields, followed by the successful establishment and growth of our well services division over the last few years.”

While 2024 is still in the early stages, it is already showing signs of being a busy year for Archer. In January, the company teamed up with Horizon56 to launch a new digital solution for operating procedures (SOPs) aimed at enhancing rig safety and efficiency while March brought a long-term contract extension with Equinor for platform drilling services in Norway worth $762.67 million.