Archer Ltd - Company Profile
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Archer Ltd (Archer) is an oilfield services company. It provides drilling services, well integrity and intervention, plug and abandonment and decommissioning. Its drilling and work-over services include platform drilling, land drilling, modular rigs, drilling fluids, solids control, engineering services, equipment rentals, survey, inspection services and a range of support services and products. The company’s service capabilities include production monitoring, well imaging, well integrity, and wireline well intervention services. Archer’s operations are spread across 40 countries in North and South America, the Middle East, Africa, Europe, Asia and Oceania region. Archer is headquartered in Hamilton, Bermuda.
Headquarters
Bermuda
Address
14 Par-La-Ville Place, 14 Par-La-Ville Road, Hamilton, HM08
Website
www.archerwell.com
Telephone
1 441 2956935
No of Employees
4,856
Industry
Energy and Utilities
Ticker Symbol & Exchange
ARCH (OSL)
Revenue (2022)
$1.2B
20.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-386.7%
(2022 vs 2021)
Market Cap*
$159.4M
Net Profit Margin (2022)
XYZ
-337.6%
(2022 vs 2021)
* As of and is in US$
Archer Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Modular Rigs | Well Integrity and Intervention |
| Drilling Fluids | Plug and Abandonment and Decommissioning |
| Oil Tools | Drilling Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company signed an agreement to acquire a 65% stake in Vertikal Services AS for US$2.38 million. |
| 2024 | Contracts/Agreements | In March, the company extended its agreement with Equinor for platform drilling services in Norway. |
| 2023 | Contracts/Agreements | In November, the company entered into an agreement with EBITDA for the quarter, accomplished through the combination of solid revenue growth and margin expansion resulting in improved credit metrics. |
Competitor Comparison
| Key Parameters | Archer Ltd | Aker Solutions ASA | KCA Deutag Alpha Ltd | Odfjell Drilling Ltd | Pioneer Energy Services Corp |
|---|---|---|---|---|---|
| Headquarters | Bermuda | Norway | United Kingdom | United Kingdom | United States of America |
| City | Hamilton | Lysaker | Portlethen | Aberdeen | San Antonio |
| State/Province | - | - | Scotland | Scotland | Texas |
| No. of Employees | 4,856 | 16,026 | - | 1,358 | 1,000 |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dag Skindlo | Chief Executive Officer | Senior Management | 2020 | - |
| Espen Joranger | Chief Financial Officer | Senior Management | 2020 | - |
| Adam Todd | General Counsel | Senior Management | 2017 | - |
| Richard Stables | Director | Non Executive Board | 2023 | - |
| Jan Erik Klepsland | Director | Non Executive Board | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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