Home » Market News » DirectorsTalk Highlights » OMV hires Archer’s modular rig for New Zealand drilling
Northbridge Industrial Services Plc

OMV hires Archer’s modular rig for New Zealand drilling

Oslo-listed offshore services company Archer has secured a contract with OMV in New Zealand for the provision of drilling services using the modular drilling rig (“MDR”) Archer Emerald, including associated services, materials, equipment and personnel.

Archer said Monday the contract was for five wells, with two one well extension options on OMV’s Maui A platform located in the Tasman Sea in New Zealand.

OMV New Zealand owns and operates the Maui gas field having acquired the 83.75% share from Shell Exploration NZ and the 6.25% share from Todd Energy at the end of 2018. According to OMV, until 2008 Maui was the country’s largest gas field. It now meets a third of New Zealand’s gas needs.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.