![Archer’s losses soar](https://wpcluster.dctdigital.com/energyvoice/wp-content/themes/blocks-theme/assets/images/backgrounds/placeholder.png)
Oilfield service provider Archer reported losses of £27.3million in the final quarter of 2012, taking its deficit for the year to £249.7million, compared with £51.3million in 2011.
Revenue last year was £1.46billion, up from £1.23billion in 2011.
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