Archer Limited Announces Resignation of Ørjan Svanevik as Chairman

Archer Limited is an oilfield service company. The Company operates in 40 locations providing drilling services, well integrity and intervention, plug and abandonment and decommissioning to its upstream oil and gas clients. The Company’s comprehensive drilling and workover services include platform drilling, land drilling, directional drilling, drill bits, modular rigs, fluids, engineering, and equipment rentals, as well as a select range of well delivery support services and products. Its products and services include oil tools, land drilling, platform drilling, engineering, and wireline. Its oil tools include plugs and plug solutions, cementing solutions, well cleaning solutions, renewable energies and carbon capture and storage, and digital well integrity solutions. Its engineering services include project management, consulting, and inspection. It also operates the coil tubing and pumping (CT&P) business, which includes four CT&P packages with supporting equipment.