GEOTHERMAL

Archer increases ownership in Iceland Drilling

Archer increases its stake in geothermal drilling specialist Iceland Drilling to 60%.

Archer has increased its stake in Iceland Drilling to 60%. Credit: Iceland Drilling

Archer has increased its stake in Iceland Drilling to 60%. Credit: Iceland Drilling

Archer has agreed to acquire an additional 10% of the shares in geothermal specialist Iceland Drilling from its joint venture partner Kaldbakur for US$2.5 million, bringing Archer's total ownership to...

Start a free trial to continue reading this article

Already have an account?

Subscribe now