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Archer Ltd. Bags $90 Million Rig Contract in Argentina

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Archer Ltd. (ARCH.OL) secured a $90 million contract to deploy an additional drilling rig in Vaca Muerta, Argentina.

State-owned energy group YPF awarded the five-year contract, which has two one-year extension options, according to a Friday release.

The drilling and well services group has already deployed two rigs at the site. The first rig started operating in late June, with the second to mobilize during July. The latest rig is expected to commence operations during the first quarter of 2027.

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