DLS Archer wins $200m drilling contract from YPF

Oilfield services company DLS Archer has secured a five-year drilling contract worth $200m from Argentine energy company YPF.

Under the contract, DLS will upgrade three drillings rigs to the required technical specifications for YPF’s extended well design in the Vaca Muerta region of Argentina.

In addition, the contract includes options for two more rigs.

Archer Land Drilling vice-president Greg Helmen said: “DLS has been providing drilling services to YPF for more than three decades, and we are proud to have been chosen to continue this strong partnership in developing one of the most prolific shale plays in the world.

“There has recently been a drive towards high specification rigs with capabilities to drill horizontal phases of more than 3,000m in Vaca Muerta.

“These rig upgrades will secure Archer’s position as the leader in drilling services for unconventional plays in Argentina, and we look forward to continuing to provide safe and efficient operations to YPF for many more years to come.”

Archer has more than 40 years of experience in drilling and well services. It employs around 5,000 people across 40 locations in 17 countries.

DLS is Archer’s Land Drilling division that provides drilling and workover services to operators in Argentina, Bolivia and other regions.

Archer’s DLS operates AC-powered land rigs in Latin America, including Quicksilver, Ideal and Flex 4 mobile drilling units.