Archer Limited
Company Information

Archer Limited Company Profile

Archer (formerly Seawell) takes aim at oil patches. The company provides drilling and well services to offshore oil and gas companies worldwide. Archer is mainly involved in enhanced oil recovery services to existing fields. It offers platform drilling, drilling facility engineering, modular rigs, and well intervention services. Registered in Bermuda and domiciled in Norway, Archer has long-term contracts with BP, Chevron, ConocoPhillips, Marathon, Shell, Talisman, and TAQA, while half of its revenues come from Norwegian giant Statoil. In its largest transaction to date, in 2011 it acquired Houston-based Allis-Chalmers Energy for $890 million, including debt, and merged it into its Well Sub Company unit.