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Archer Limited : ConocoPhillips awarded Archer contract for Mechanical Wireline Services on the Norwegian Continental Shelf until 2021

Hamilton, Bermuda, (April 8, 2016)

Archer Limited announces that ConocoPhillips has awarded Archer a five-year
contract for the provision of Mechanical Wireline Services for the Norwegian
Continental Shelf. The contract was awarded to Archer following a competitive
tender process for ConocoPhillips' well intervention services in Norway.

Archer has provided Wireline Intervention and Cased Hole Logging services for
ConocoPhillips since 2009 and the current contract would have expired in
January 2017. The new contract will commence on May 1, 2016 and will cover a
period of five years until April 30, 2021.

Jan Vader, Vice President Wireline, commented, "We are extremely pleased with
the confidence ConocoPhillips places in Archer by giving us the opportunity
to continue to work for them for an additional five years. It demonstrates
our dedication and commitment to delivering safe, efficient and
solutions-oriented services to our clients, and the value this offers to
ConocoPhillips' operations in Norway".

About Archer

Archer is a global oil services company with a heritage in drilling and well
services that stretch back over 40 years. Employing more than 5,000 people at
40 locations in 19 countries, from drilling services, well
integrity&intervention, plug&abandonment to decommissioning, Archer is
focused on safely delivering the highest quality services and products to the
drilling and well service markets. Visit our company website



For Investors:

Joachim Houeland

Treasury Manager and Investor Relations

(+47) 51 30 80 00

For Media:

Ken Feather

Vice President Sales and Marketing Wireline

+971-4-702 7784

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Archer Limited via Globenewswire


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