Archer acquires isol8 to advance subsea and rigless P&A capabilities

22 May 2026 08:46 CEST

Hamilton, Bermuda (May 22, 2026)

Archer has signed a share purchase agreement to acquire isol8, an innovative
well technology company that specialises in alloy-based barrier solutions and
advanced materials for use in well completions, intervention, and plug and
abandonment (P&A).

These technologies and solutions will expand and grow Archer's plug business and
advance our strategy to be the P&A company of choice.

Archer CEO Dag Skindlo commented: "This acquisition brings valuable technologies
and talent into Archer. Isol8's solutions will strengthen and expand our leading
plug portfolio and advance our subsea and rigless P&A offering. The acquisition
reinforces our ability to deliver safe, efficient, and scalable well abandonment
solutions to our global customers."

Andrew Louden, Founder and CEO of isol8, commented: "Archer's global reach and
established customer base create a strong platform to scale deployment of
isol8's technologies across the entire well lifecycle. Together, we have the
opportunity to expand adoption of our existing alloy barrier products and
accelerate the commercialisation of our emerging metal element technology."

Completion of the transaction is subject to customary regulatory approvals,
expected later in Q2 2026.

For additional information please contact:

Espen Joranger, Chief Financial Officer, Mobile: +47 982 06 812, Email:
espen.joranger@archerwell.com

Joachim Houeland, Manager Treasury and Investor Relations, Mobile: +47 482 78
748, Email: joachim.houeland@archerwell.com

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