Bermuda, Jan. 7 -- Archer Limited ("Archer") is pleased to announce the award of an integrated Plug and Abandonment ("P&A") contract with Equinor for 30 subsea wells.In March 2025, Archer announced Equinor's award of a frame agreement for engineering and planning for the P&A of its subsea wells. With this contract, Archer has now been awarded the full planning and execution scope for the P&A operations. The contract is structured to enable extensions to additional P&A projects across Equinor's portfolio. The firm contract term is 3 years including 2 options each of 2 years, with an estimated total contract value up to USD 140 million for the 30 subsea wells. Approximately 50% of the contract value relates to services delivered by Archer's a...