# Archer awarded $400M drilling services contract extension in Argentina

Archer Limited received a two-year contract extension from Pan American Energy for drilling services in Argentina's Cerro Dragon field, valued at an estimated USD 400 million, covering 2 drilling rigs, 13 workover units and 13 pulling units.

- Type: Contract
- Announced: 2022-02-01
- Where: Cerro Dragon field, Golfo San Jorge basin, Argentina
- Value: $400.0M
- Status: announced
- Products: drilling services, workover services

## Companies

- [Archer Limited](https://endata.com/companies/3790.md)
- [Pan American Energy](https://endata.com/companies/60733.md) (customer)

## Sources

- [news.cision.com](https://news.cision.com/archer-limited/r/archer-limited--archer-awarded-a-two-year-contract-extension-for-drilling-services-in-argentina-with,c3495827), 2022-02-01: "Pan American Energy LLC has agreed to extend the duration of Archer’s drilling services contract for further two years on improved terms."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.