Archer nets four-year P&A deal with Repsol
- Business & Finance
Oil services company Archer has been awarded a four-year contract for plug and abandonment (P&A) rig operations by Repsol.
According to Archer’s statement on Wednesday, the contract scope includes permanent plugging and abandonment of the wells on the Gyda platform operated by Repsol Norge.
The Gyda field is located in the Norwegian sector of the North Sea, between Ula and Ekofisk. It has been developed using an integrated facility with a steel jacket in 66 meters of water.
In addition to the firm contract term, three additional two-year extension options are available, Archer said. The contract scope includes drilling and maintenance services, engineering and downhole tool rental services.
John Lechner, Archer CEO, said: “The new contract is a continuation of Archer’s twenty three year association with the Gyda platform. This is a testament to the hard work and commitment from all our personnel who have maintained a safe environment and a high level of operational and technical efficiency.”
“We look forward to continuing our working relationship with Repsol Norge AS for the end of field life activities on Gyda.”
With this award, Archer’s offshore drilling crews will provide drilling operations and maintenance services on forty-two platforms in the North Sea, two in Brazil and one tender-assist barge rig in Greece.