Archer Ltd. has agreed to acquire 100% of the shares in well intervention specialist DeepWell AS, subject to regulatory approvals.
Offshore staff
HAMILTON, Bermuda – Archer Ltd. has agreed to acquire 100% of the shares in well intervention specialist DeepWell AS, subject to regulatory approvals.
DeepWell, based in Avaldsnes, Norway, provides mechanical wireline and cased hole logging services, and employed around 200 personnel in 2020.
Archer will assume the company’s wireline services scope for Equinor from May 1.
CEO Dag Skindlo said the acquisition “would secure Archer’s access to a modern fleet of electric wireline units, as well as enable participation in the vessel-based light well intervention market.
“Strengthening our equipment fleet, broadening our low carbon/low emission solutions and continuing our track record for service quality are all key aspects of our strategy on the Norwegian continental shelf.”
