Archer awarded $125M in drilling services contracts with Pan American Energy in Argentina

Archer's subsidiary in Argentina has been awarded two contracts totaling $125 million: a 2.5-year extension for three drilling rigs in Cerro Dragon Field worth $100 million, and a new contract for one rig in Vaca Muerta worth $25 million over two years.

“One contract is a 2.5-year extension with improved commercial terms for the three drilling rigs operating in Pan American´s Cerro Dragon Field.”drillingcontractor.org

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• drillingcontractor.orgArcher secures contracts worth $125 million onshore Argentina - Drilling ContractorEditorial AssistantJan 26, 2024

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