ARCHER OILTOOLS AS

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

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: 29 years; since Feb 20, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 215

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 2023: 854,697,932; NOK
Annual total result 2023: 30,922,543; NOK
Total equity 2023: 61,012,219; NOK

Last update: Nov 21, 2024

Management

Management / administration

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

Board

Name	Role	Shares
JH Joachim Houeland 1975	Chairman	-
EV Eivind Vistnes 1987	Board Member	-
MK May-Linn Kringlebotten 1985	Board Member	-
PA Per Anders Helgen 1986	Alternate Member	-
SR Stig Rune Nyheim Holsen 1967	Alternate Member	-
EG Egil Gydesen 1972	Alternate Member	-
BB Bjarte Bakken 1962	Alternate Member	-
SE Stine Ekholdt 1984	Board Member	-
BN Bjørn Nilsen 1974	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Last update: Oct 23, 2024

Ownership

Company shareholders

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

Last update: May 24, 2024

Group structure

ARCHER NORGE AS
Total operating income 2023: NOK 788,000,000
Operating profit 2023: NOK 34,000,000
Employees: 343

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	854,697,932	658,128,262	598,714,175
Annual Total Result	30,922,543	36,730,624	33,283,028
Total assets	746,381,195	560,584,263	444,822,403
Total liabilities	685,368,976	499,164,156	393,612,670
Total equity	61,012,219	61,420,107	51,209,733

P&L

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

Balance overview

Year	2023	2022	2021
Total fixed assets	231,164,009	154,923,503	117,165,204
Total current assets	515,217,186	405,660,760	327,657,199
Total assets	746,381,195	560,584,263	444,822,403
Short term debt	296,098,122	172,637,532	186,433,069
Long term debt	389,270,854	326,526,625	207,179,601
Total liabilities	685,368,976	499,164,156	393,612,670
Contributed capital	25,988,661	25,988,661	25,791,807
Retained earnings	35,023,558	35,431,446	25,417,926
Total equity	61,012,219	61,420,107	51,209,733
Total equity and liabilities	746,381,195	560,584,263	444,822,403

ARCHER OILTOOLS AS968 145 843