Archer Secures $90 Million Super-Spec Rig Contract with YPF in Vaca Muerta

Archer has been awarded a five-year contract worth approximately $90 million by YPF for a super-spec drilling rig in Argentina's Vaca Muerta shale play, with options for extension.

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Archer has announced a new contract with YPF, Argentina's state-owned energy company, for an additional super-spec drilling rig to be deployed in the Vaca Muerta shale formation. The contract has a firm duration of five years, with two optional one-year extensions, and is valued at approximately USD 90 million over the initial term. This award strengthens Archer's long-term presence in Vaca Muerta, which is recognized as one of the world's most active unconventional shale developments. The rig will join Archer's existing fleet in the region, further solidifying the company's position in this key market.