Archer wins USD 90 million YPF contract for Vaca Muerta super-spec rig

Archer Limited secured a five-year, USD 90 million contract with YPF to provide a super-spec drilling rig for Argentina's Vaca Muerta shale formation. The agreement includes two one-year extension options. The rig, leased from Patterson-UTI and featuring managed pressure drilling technology, will be Archer's third additional unit in the region, with operations expected to commence in Q1 2027.

Archer won a five-year YPF contract for a super-spec drilling rig in Argentina’s Vaca Muerta, with two one-year extension options. * Estimated contract value USD 90 million over the firm term. * Rig to be leased from Patterson-UTI, equipped with managed pressure drilling technology. * This is the third additional super-spec rig added to Archer’s Vaca Muerta fleet; start-up expected in Q1 2027. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Archer Limited published the original content used to generate this news brief via Cision (Ref. ID: 20260710:BIT:7587:0) on July 10, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)