The contract, inked by local subsidiary DLS Argentina, covers an initial period of five years with an extension option for a further three years.
Oslo-listed Archer said it is currently in talks with lenders to gain financing for the newbuild project.
The company, in which Seadrill holds a dominant stake, already operates about 70 land rigs in Argentina and chief executive David King said the award “clearly establishes us as one of the largest service providers in the country”.
The
