Archer ( (ARHVF) ) has shared an update.
Archer’s subsidiary, Wellbore Fishing & Rental Tools LLC, has secured a significant frame agreement with a major deepwater operator in the US Gulf of America, valued initially at USD 30 million over three years, with potential extensions increasing it to USD 50 million. This contract underscores Archer’s technical expertise, competitive pricing, and commitment to high-quality service delivery, strengthening its market position and client relationships in the region.
More about Archer
Archer operates in the oilfield services industry, providing specialized tools and services primarily focused on wellbore fishing and rental solutions. The company caters to deepwater operators, enhancing operational efficiency and safety in challenging environments.
YTD Price Performance: 4.17%
Average Trading Volume: 877
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $223.4M
For detailed information about ARHVF stock, go to TipRanks’ Stock Analysis page.