About Archer Archer is a global oilfield service company with more than 40 years experience, over 8,000 employees, and operations in more than 100 locations worldwide. From drilling services, production optimization, well integrity…
Our global footprint and reach 100+ global locations Over 8,000 employees Bergen 85 Wireline trucks Aberdeen Stavanger Michigan Esbjerg 20 Coiled tubing units Pennsylvania Newcastle North Dakota 30 Snubbing units West…
Market Update MARKET OUTLOOK
North Sea - Market Update Number of fixed platforms stable but Norway 2013 2014 2015 2016 2017 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Field Operator Statfjord A, B, C Statoil 01.10.2016 3 x 2 yrs drilling…
Latin America Argentina Market Update Historical Oil & gas Production in Argentina Increasing signals supporting local oil & gas production to replace expensive imports Oil & gas production is flat but given the current account…
North American Land Market Update Land rig count in the United States remained flat during 2013 while number of wells drilled increased Industry achieved significant efficiency gains through process improvements with Bakken, Eagle…
Emerging Market & Technologies - Market Update Global wells affected by integrity issues Wells with Integrity issues Shut-in permanently Strong demand for Well Integrity Shut-in temporarily products in the Gulf of Mexico Operating…
Operational Update MARKET OUTLOOK
Key points Performance of the company in the last 2 years lagged most of its competitors mainly in North America Large impairment charges reflective of this performance Recent financial results excluding one-time items have shown…
North Sea - Operational Update Increased operations in the UK with P&A, drilling and additional services Good activity in Norway with achievement of performance bonuses Solid performance of our modular rig in New Zealand and…
Latin America - Operational Update Slightly reduced drilling rig utilization in Argentina and Bolivia during the fourth quarter as some rigs were moving Achieved improved pricing in Argentina with some customers Further reduction…
YPF Contract in Argentina YPF bid for 20 1500 HP Drilling Rigs for shale field in Neuqun Archer won 5 rigs based on 1500 HP NOV Ideal rig design Contract Term: 5 years + 3 year optional Contract Value for initial 5 year fixed…
North America - Operational Update Changed several leadership roles and implemented cost reduction plan Geographical footprint under review to ensure adequate economies of scale, optimal service quality and potential for integrated…
Emerging Market & Technologies Operational Update fourth quarter 2013 Strong Wireline activity in Norway with first TCP jobs performed outside US Started first land operations outside US in Qatar during the Fourth quarter 2013…
Fourth Quarter 2013 Financial Update MARKET OUTLOOK
Evolution of consolidated revenue and EBITDA in millions excluding discontinued operations As reported Strong revenue in Fourth Quarter despite seasonal effects in all Areas Excluding exceptional charges and seasonal effects…
Evolution of revenue and EBITDA for LAM & NRS in millions excluding exceptional items and discontinued operations LAM Revenue in LAM impacted by rigs transferring out of Brazil and devaluation effect in Argentina EBITDA margins…
Evolution of revenue and EBITDA for NAM & EMT in millions excluding exceptional items and discontinued operations NAM Revenue in NAM slightly down due to lower product sales, adverse weather and seasonal effects in the fourth…
Net Interest Bearing Debt, Leverage Ratio and Cash Flow in millions unless otherwise indicated Debt reduced from 1.2 billion at the end of 2012 to 765 million at the end of 2013 Reduction as a result of equity issue in Q1 2013 and…
Summary MARKET OUTLOOK
Summary Continued focus on improving operational performance Deleveraged balance sheet following strategic steps Despite signs of improvement North American market remains challenging Restructuring plan almost completed with…
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