ARCHER OILTOOLS AS

Operating

We are Archer – The Well Company. We deliver sustainable and innovative drilling and well services to the global energy industry.

Omfatte produksjon og salg av tjenester til olje- og gassindustrien samt det som står i forbindelse med dette herunder deltagelse i andre virksomheter ved egenkapitalinnskudd, lån eller garantistillelse.

Verdiskapning gjennom utvikling, fremstilling, kjøp, salg og utleie av utstyr til petroleums- virksomheten, samt hva hermed står i forbindelse, herunder å yte konsulenttjenester, agenturvirksom- het, samt å delta i andre selskaper med lignende virksomhet.

Keywords

drillingexplorationdelineationproduction wellsdirectionalre-drillingtrial drillingcementingdrill pipeoil boreholegas boreholepluggingclosurewell funnel operationscasing servicesdrill samplesgeological observationswell planningmwd (measurement while drilling)lwd (logging while drilling)ml (mud logging)

Organization

CEO: BN
Bjørn Nilsen1974
Chairman of the board: JH
Joachim Houeland1975
Years since formation: 30 years; since Feb 20, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 208

Ownership

Number of shares and share classes: 59,275; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2024: 1,333,373,108; NOK
Annual total result 2024: 44,051,838; NOK
Total equity 2024: 53,775,482; NOK

Last update: Oct 15, 2025

Management

Management / administration

Name	Role	Shares
BN Bjørn Nilsen 1974	Managing Director/CEO	-

Board

Name	Role	Shares
JH Joachim Houeland 1975	Chairman	-
PA Per Anders Helgen 1986	Alternate Member	-
MK May-Linn Kringlebotten 1985	Alternate Member	-
SE Stine Ekholdt 1984	Board Member	-
BN Bjørn Nilsen 1974	Board Member	-
KR Ketil Rønning 1969	Board Member	-
MV Mari Vedå Bredal 1990	Board Member	-
RS Roger Salvesen 1986	Alternate Member	-
KH Kristine Høiland 1990	Alternate Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Last update: Apr 1, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
A ARCHER NORGE AS	Ordinary shares	59,175	99.83 %
A ARCHER AS	Ordinary shares	100	0.17 %

Last update: Jun 2, 2025

Group structure

ARCHER NORGE AS
Total operating income 2024: NOK 893,000,000
Operating profit 2024: NOK 26,000,000
Employees: 358

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	1,333,373,108	854,697,932	658,128,262	598,714,175
Annual Total Result	44,051,838	30,922,543	36,730,624	33,283,028
Total assets	1,000,607,478	746,381,195	560,584,263	444,822,403
Total liabilities	946,831,996	685,368,976	499,164,156	393,612,670
Total equity	53,775,482	61,012,219	61,420,107	51,209,733

P&L

Year	2024	2023	2022	2021
Total operating income	1,333,373,108	854,697,932	658,128,262	598,714,175
Total operating costs	1,228,972,419	785,157,464	601,075,594	544,465,430
Operating result	104,400,688	69,540,469	57,052,668	54,248,745
Financial income/costs	-47,719,471	-30,249,508	-9,930,407	-12,248,366
Profit before tax	56,681,217	39,290,961	47,122,261	42,000,379
Total tax & extraordinary income/cost	12,629,379	8,368,418	10,391,637	8,717,351
Annual Total Result	44,051,838	30,922,543	36,730,624	33,283,028

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	256,882,284	231,164,009	154,923,503	117,165,204
Total current assets	743,725,194	515,217,186	405,660,760	327,657,199
Total assets	1,000,607,478	746,381,195	560,584,263	444,822,403
Short term debt	507,318,288	296,098,122	172,637,532	186,433,069
Long term debt	439,513,708	389,270,854	326,526,625	207,179,601
Total liabilities	946,831,996	685,368,976	499,164,156	393,612,670
Contributed capital	26,310,430	25,988,661	25,988,661	25,791,807
Retained earnings	27,465,052	35,023,558	35,431,446	25,417,926
Total equity	53,775,482	61,012,219	61,420,107	51,209,733
Total equity and liabilities	1,000,607,478	746,381,195	560,584,263	444,822,403

Classification

21st company classification

BETA

Industrial large enterprise

ARCHER OILTOOLS AS968 145 843