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Insider UK
Insider UK
National
Peter A Walker

Archer buys Romar-Abrado for $8 million

Archer Aberdeenshire

Global oil services company Archer has acquired Aberdeenshire-based decommissioning business Romar-Abrado for an enterprise value of $8m, plus earn-out pending trading performance to 2025.

Romar-Abrado specialises in advanced milling and hazardous waste handling services to the plug and abandonment (P&A) market. The company employs 50 people with revenue of approximately $10m in 2021.

Dag Skindlo, chief executive of Archer, commented: “The acquisition is another value creating investment which expands our capabilities within workover operations and well abandonment.

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