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Oil & Gas

Archer’s losses soar

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.
By Energy Reporter
02/03/2013, 9:13 am Updated: 04/03/2013, 9:13 am
Archer’s losses soar
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.

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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