Archer putting £15m into DeepWell acquisition
- Date: 11-May-2021
- Source: Energy Voice
- Sector:Financial Markets
- Country:Gulf
Archer putting £15m into DeepWell acquisition
Drilling contractor Archer is buying Norwegian well intervention company DeepWell for £15 million.
Archer said it would use its existing cash and liquidity reserves to finance the transaction.
DeepWell provides wireline and downhole services to oil companies on the Norwegian Continental Shelf (NCS).