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 Ratings3.1

Latest Updates

Employees (est.) (Feb 2019)4,700(-1%)
Share Price (Jun 2020)KR2.2 (+7%)

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 Financial Officer and Executive Vice President Strategy
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 7 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 (3-Jun-2020)

323.4m

Closing stock price (3-Jun-2020)

2.2
Archer's current market capitalization is kr323.4 m.
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Archer Online and Social Media Presence

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Archer News and Updates

Archer Daniels and Brazil's Marfrig set up plant-based food joint venture

Archer Daniels Midland Co. and Brazilian beef processor Marfrig Global Foods SA said Wednesday they are creating a joint venture called PlantPlus Foods to create plant-based foods for the South and North American markets. The two companies have already been working together to produce plant-based…

With Money From Walmart’s Marc Lore, Stealth Startup Archer Buys Its Way Into The Electric Air Taxi Race

The company has rapidly built up a team of talented engineers with rich compensation packages including bonuses of two to three times salary, poaching top names from Kitty Hawk and Joby and setting tongues wagging in the small world of West Coast dreamers trying to build the future of air travel.

Chris Tremlett: Why Archer can solve England's Smith problem in the Ashes

When they look back on the 251-run defeat by Australia in the first Ashes Test, England will reflect on an [...] The post Chris Tremlett: Jofra Archer has the ability to solve England’s Steve Smith problem at Lord’s appeared first on CityAM.

Archer Daniels is the latest food company to jump on the plant-based meat bandwagon

The dizzying rise of the plant-based meat trend continued Thursday, with ingredients giant Archer Daniels Co. the latest big food player to jump on the bandwagon.

Archer Daniels second-quarter earnings fall short of expectations

Archer Daniels Midland Company reported second-quarter earnings on Thursday that missed Wall Street expectations. Profit fell to $235 million, or 42 cents a share, from $566 million, or $1 a share, a year ago. Adjusted EPS was 60 cents a share, missing the FactSet consensus of 61 cents a share. Rev…

Textured Soy Protein Market Forecast Report, 2023 - Top Key Players Analyzed: Archer Daniels Midland, Cargill, Bremil, Linyi Shansong Biological Products, Sonic Biochem, & Hung Yang Foods: Radiant Insights, Inc.

SAN FRANCISCO, June 5, 2019 /PRNewswire/ -- The global Textured Soy Protein Market is expected to display higher growth rate over the next five years. The textured soy protein market is subject to witness a substantial growth due to the increasing health consciousness among general...
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Archer Blogs

Archer Limited : Debt refinancing completed

Hamilton Bermuda (April 27, 2020) Further to the release issued by Archer Limited (the “Company”) on March 13, 2020, the Company is pleased to announce that the amendment agreements in relation to the refinancing of the Company (the “Refinancing”) have been executed and all conditions precedents to …

Archer Limited: Archer has successfully amended and extended its debt facilities

Hamilton, Bermuda (March 13, 2020) Archer has secured a consensual amendment and extension of its debt facilities with all the lenders to the company. The new financing agreements secure a robust financial foundation: Main loan facility extended until 1st October 2023 A fixed amortization schedule r…

Espen Joranger

Mr. Joranger was appointed the Chief Financial Officer for Archer in March 2020. Mr. Joranger has more than 10 years’ experience from the Oil and Gas industry. Espen joined Archer in May 2013 as Finance Director North Sea Region and held the position as Group Controller prior to his appointment as C…

Archer Limited: Archer’s Board of Directors appoints Dag Skindlo as CEO and Espen Joranger as CFO of Archer

Hamilton, Bermuda (March 10, 2020) Archer Limited is pleased to announce the appointment of Dag Skindlo as the Company’s new Chief Executive Officer. Dag Skindlo joined Archer as Chief Financial Officer and EVP Strategy in May 2016. Kjell-Erik Østdahl, Chairman of Archer, comments: “I’m pleased that…

Archer Limited: Fourth Quarter 2019 Earnings Release and Financial Outlook 2020

Hamilton, Bermuda (February 14, 2020) Archer increased the 2019 fourth quarter revenue to $239.7 million, an increase of 3 percent compared with the fourth quarter 2018, and delivered the best full year EBIT earnings since 2010. Fourth quarter highlights 2019 Revenue of $239.7 million EBITDA pre-exc…

Archer Limited: Announcement of conference call information and date: Q4 2019, Outlook 2020 and Refinancing update

Hamilton, Bermuda (January 31, 2020) Archer Limited’s fourth quarter 2019 earnings, along with a refinancing update and preliminary 2020 financial outlook is scheduled to be released on February 14, 2020 before the start of trading on Oslo Stock Exchange.  In connection with the earnings release, a …
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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 4,700 employees.

  • Who are Archer competitors?

    Competitors of Archer include Dril-Quip, Wellynx and Dietswell.

  • 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 7 other locations.

  • How many offices does Archer have?

    Archer has 12 offices.