Archer taking over Deepwell from Moreld

Norwegian offshore service provider Archer has signed an offer letter with industrial group Moreld laying out principle terms to acquire 100% interest in compatriot well intervention firm Deepwell. The Avaldsnes headquartered DeepWell had approximately 200 employees and a revenue of NOK355m ($42.6m) in 2020. As a result of the acquisition, Archer will take over Equinor …

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