OverviewSuggest Edit

Archer is an oilfield service company, which provides various oilfield products and services to the oil and gas industry. The Company offers cementing technology and tools, as well as plug and abandonment, perforating, casing exit, well cleaning, and integrity testing services; land drilling and platform drilling services; and modular drilling rigs. It also offers engineering services, wireline-deployed cased hole services, and consulting services. In addition, the Company rents various equipment comprising drill pipes, tubings, etc.; and manufactures and distributes gate valves for hydraulic fracturing and other oilfield operations.

TypePublic
Founded2011
HQSandnes, NO
Websitearcherwell.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Feb 2021)47,730(+1052%)
Job Openings14
Share Price (Jan 2021)KR4.2(+14%)
Cybersecurity ratingBMore

Key People/Management at Archer

Espen Joranger

Espen Joranger

Chief Financial Officer
Kjell-Erik Østdahl

Kjell-Erik Østdahl

Chairman of the Board
Dag Skindlo

Dag Skindlo

Chief Executive Officer
Adam Todd

Adam Todd

General Counsel
James O'Shaughnessy

James O'Shaughnessy

Director
Dell' Orto

Dell' Orto

Director
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Archer Office Locations

Archer has offices in Sandnes, Kokstad, Nesttun, Oslo and in 8 other locations
Sandnes, NO (HQ)
Sandnesveien 358
Kokstad, NO
Kokstadflaten 5
Nesttun, NO
Midtunhaugen 13
Oslo, NO
Bryggegata 3
Sola, NO
Sandnesvegen 358
Stavanger, NO
Finnestadveien
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Archer Financials and Metrics

Archer Revenue

Market capitalization (28-Jan-2021)

445.3m

Closing stock price (28-Jan-2021)

4.2
Archer's current market capitalization is kr445.3 m.
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Archer Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Archer Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

Archer Online and Social Media Presence

Embed Graph

Archer News and Updates

iREITs Announces Name Change to Archer

SAN FRANCISCO, June 10, 2021 /PRNewswire/ -- iREITs, a data-driven real estate investment firm, has changed its name to Archer. The new name reflects the firm's approach to targeted real estate investing and emphasizes its expertise, precision, and speed to market. "The value proposition...

Archer Announces Unveiling of eVTOL Aircraft

Urban Air Mobility leader will reveal its electric aircraft at event in Los Angeles and via livestream on June 10th at 6pm PT Urban Air Mobility leader will reveal its electric aircraft at event in Los Angeles and via livestream on June 10th at 6pm PT

Downhole Tools Market to grow by USD 12.68 billion: COVID-19 Focused Report|Evolving Opportunities with Aker Solutions ASA and Archer Ltd.|Technavio

NEW YORK, June 3, 2021 /PRNewswire/ -- The downhole tools market is expected to grow by USD 12.68 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the downhole tools market in optimistic, probable, and...

Futuristic aircraft maker Archer seeks to dismiss competitor's lawsuit claiming theft of trade secrets

Archer Aviation wants a judge to dismiss a lawsuit claiming it violated trade secrets to develop electric vertical takeoff and landing aircraft.

Elizabeth Banks Partners with Archer Roose, Leading Canned Wine Company

BOSTON, May 26, 2021 /PRNewswire/ -- Archer Roose, a leading artisanal canned wine company in the U.S., announced today Elizabeth Banks will be joining their team as a Co-Owner and Chief Creative Officer. Founded in 2014 by Marian Leitner-Waldman and David Waldman, partners in life and in...

Archer to Present at the Wolfe Research Global Transportation & Industrials Conference

PALO ALTO, Calif., May 21, 2021 (GLOBE NEWSWIRE) -- Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, announced today that it will present at the 14th Annual Wolfe Research Global Transportation & Industrials Co…
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Archer Blogs

Archer Limited: Archer receives extension notification from Pan American Energy LLC for drilling services contract in Argentina

Hamilton, Bermuda (June 10, 2021) Archer Limited (“Archer”) announces that Pan American Energy LLC (“Pan American”) has provided a two year extension notification for Archer’s drilling, workover and pulling services contract for Pan American’s Cerro Dragon field in the Golfo San Jorge basin in south…

Arche Limited: DeepWell acquisition closed

Hamilton, Bermuda (June 3, 2021) Reference is made to the press release on May 10, 2021, wherein Archer announced the plan to acquire DeepWell.  The acquisition closed today, in accordance with previously communicated terms. For additional information please contact: Espen Joranger, Chief Financial …

Archer Limited: Acquisition of DeepWell approved by the Norwegian Competition Authority

Hamilton, Bermuda (May 31, 2021) Reference is made to the press release on May 10, 2021, wherein Archer announced the plan to acquire DeepWell for NOK 177 million.  The completion of the acquisition was conditional on obtaining necessary regulatory approval. Such approval was granted today by the No…

Archer Oiltools secures frame agreement with Wintershall Noordzee B.V. for P&A Campaign

Archer Oiltools has been awarded the P&A campaign for Wintershall Noordzee B.V. in 2021/22.  The scope awarded to Archer is Perforate, Wash and Cement & Formation Integrity testing tools & Services and Downhole Tools on Tubing conveyed & Plugs-Cutters for 22 wells with an option of a…

Archer Limited: Minutes from the 2021 Annual General Meeting

 Hamilton, Bermuda (May 26, 2021) Archer Limited (the “Company”) advises that the 2021 Annual General Meeting of the Shareholders of the Company was held on May 26, 2021 at 11:30 a.m. at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton Bermuda.  The audited consolidated financial statem…

Archer acquires DeepWell for NOK 177 million

Hamilton, Bermuda (May 10, 2021) Reference is made to the release regarding the signing of the offer letter to acquire DeepWell (the “Transaction”) as announced on April 16, 2021. Archer is pleased to announce that we have signed an SPA to acquire DeepWell based on an enterprise value of NOK 177 mil…
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Archer Frequently Asked Questions

  • When was Archer founded?

    Archer was founded in 2011.

  • Who are Archer key executives?

    Archer's key executives are Espen Joranger, Kjell-Erik Østdahl and Dag Skindlo.

  • How many employees does Archer have?

    Archer has 47,730 employees.

  • Who are Archer competitors?

    Competitors of Archer include Howden, NOV and NexTier Oilfield Solutions.

  • Where is Archer headquarters?

    Archer headquarters is located at Sandnesveien 358, Sandnes.

  • Where are Archer offices?

    Archer has offices in Sandnes, Kokstad, Nesttun, Oslo and in 8 other locations.

  • How many offices does Archer have?

    Archer has 13 offices.