Archer Ltd 2024 AR2
The report highlights Archer Limited's financial and operational performance for 2024, showcasing an 11% revenue increase to $1,300.7 million and a 15% EBITDA increase to $134.8 million. The company expanded its footprint in the renewable energy sector through key acquisitions, including Vertikal Service AS, Moreld Ocean Wind AS (renamed Archer Wind AS), and an additional 10% stake in Iceland Drilling. Archer also strengthened its well services division by acquiring Wellbore Fishing & Rental Tools, LLC. On the sustainability front, the company reported a 31.1% reduction in Scope 1 and 2 emissions since its 2018 baseline and initiated the electrification of its geothermal drilling rig fleet.
Company: Archer Ltd
Sector: Energy
Country: Norway
Year: 2024
Type: AR2
Pages: 139
Archer Ltd
Annual Report
The report highlights Archer Limited's financial and operational performance for 2024, showcasing an 11% revenue increase to $1,300.7 million and a 15% EBITDA increase to $134.8 million. The company expanded its footprint in the renewable energy sector through key acquisitions, including Vertikal Service AS, Moreld Ocean Wind AS (renamed Archer Wind AS), and an additional 10% stake in Iceland Drilling. Archer also strengthened its well services division by acquiring Wellbore Fishing & Rental Tools, LLC. On the sustainability front, the company reported a 31.1% reduction in Scope 1 and 2 emissions since its 2018 baseline and initiated the electrification of its geothermal drilling rig fleet.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Employees