Oil business leader Archer signs five-year contract with Aker BP for platform drilling operations and maintenance services

Archer's contract for Aker PB also includes an additional three-year extension option, expansion into the offshore oil and gas market is just beginning, Archer says

Oilfield service provider Archer has secured a five-year contract with Aker BP to provide platform drilling operations and maintenance services at the Ula and Valhall facilities in the Norwegian sector of the North Sea.

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The Archer and Aker BP contract will start on January 1, 2021, in direct continuation of the current contract

As a reminder, Archer, in September 2019, was awarded a 15-month extension to its existing oil rig maintenance and drilling services contract for Aker BP's Valhall and Ula platforms. This extension started in early October 2019.

Under the new agreement, Archer said it will provide oil rig drilling, maintenance services and intervention support, including additional integrated engineering, equipment rental and well services when needed as part of its #OneArcher service offering.

Archer CEO congratulated Aker PB for his services in the oil market

Dag Skindlo, CEO of Archer, commented: “Our experience with Ula and Valhall assets goes back more than 30 years and we are immensely proud of that legacy. Aker BP's long-term commitment to Archer shows its continued confidence in our ability to provide safe and efficient operations and we are delighted to continue this relationship.

"I would like to take this opportunity to thank our people for their hard work and commitment to Aker BP's operations and their commitment to providing our customers with innovative and collaborative solutions that improve delivery and integrity."

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

The field center serves as an area hub for the Tambar satellite field and as an outsourced host for the Oselvar and Blane fields. Valhall is a giant oil field in southern Norway on the North Sea.

Production began 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.