Archer announces a new organizational structure and adds senior positions to its North American management team

1/3/2012, 5:22 PM (Source: GlobeNewswire)
Hamilton, Bermuda (January 3, 2012)

Archer announces a new organization centered on four geographic and strategic
areas to better align with its customers, drive operational performance and
create synergies. Effective immediately Archer will be organized as follows:

North America (NAM) headquartered in Houston and led by Ronney Coleman, who
joins Archer following a year with Select Energy Services were he served as
Chief Operating Officer and a 33 year career at BJ Services where he established
himself as a leader in the oil and gas industry.  Mr. Coleman joined BJ Services
in 1977 and over the course of his career, he served in various capacities,
beginning as an equipment operator and culminating as the Vice President for
North America Pressure Pumping Services from 2007 to May 2010.

Archer also welcomes Sam Daniel as President of its Pressure Pumping division
and Robert Hoskins as President of Manufacturing, Supply Chain, and
Facilities.   Mr. Daniel comes to Archer after 33 years at BJ Services and Baker
Hughes where he served as Vice President Operations for US Land.  Mr. Hoskins
joins Archer after 27 years with BJ Services and Baker Hughes where he served as
Vice President Global Assets.

North Sea (NRS) headquartered in Stavanger and led by Kjetil Bjornson, who was
previously Vice President of Archer's Platform Drilling & Engineering Division.

Latin America (LAM) headquartered in Buenos Aires and led by Thorleif Egeli.

Emerging Markets & Technologies (EMT) headquartered in Stavanger and led by
Olivier Muller, who worked previously as Chief Executive Offer of C6
Technologies AS, a joint venture between Archer and IKM.  Previously, Mr. Muller
spent 18 years with Schlumberger serving in a range of positions across Europe
and Africa.  He later served as Vice President and General Manager of Areva's
mining business in Niger, Africa.

This new organization will be reflected in Archer's financial reporting starting
with the first quarter 2012 results.

Fredrik Halvorson said: "These strong additions to the Company's North America
leadership team will build credibility with customers of our Pressure Pumping
business and the new organization will get things done"

Contacts:

Christoph Bausch, CFO & EVP - Archer Management Limited, +44 207 5901599

 Lars Bethuelsen, SVP Investor Relations - Archer Management AS, +47 51 30 80 00

Archer is listed on the Oslo Stock Exchange with ticker symbol ARCHER and found
on the web at http://www.archerwell.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Archer Limited via Thomson Reuters ONE

[HUG#1574865]
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.