"...Archer awarded a USD 200 million land drilling contract in Argentina
(Hamilton, Bermuda) - November 1, 2019

Archer Limited ("Archer") announces that YPF S.A. ("YPF") has awarded DLS Archer
Ltd. ("DLS") a new five year drilling contract for three high specification
drilling rigs currently under contract with YPF in the Vaca Muerta region of
Argentina. As part of the contract, the three rigs will be upgraded to meet
technical specifications for the extended well design of YPF. The estimated
total contract value for three rigs over five years is approximately USD 200
million. Furthermore, the contract stipulates that two more rig upgrades could
be added to the contract at a later stage.

Greg Helmen, Vice President of Land Drilling, comments:

"DLS has been providing drilling services to YPF for more than three decades,
and we are proud to have been chosen to continue this strong partnership in
developing one of the most prolific shale plays in the world. There has recently
been a drive towards high specification rigs with capabilities to drill
horizontal phases of more than 3000 meters in Vaca Muerta. These rig upgrades
will secure Archer's position as the leader in drilling services for
unconventional plays in Argentina, and we look forward to continuing to provide
safe and efficient operations to YPF for many more years to come."..."

https://newsweb.oslobors.no/message/488397


Da ble det stille i fjøset :p