Marathon Oil has renewed a contract for work on its three Brae platforms in the North Sea with Aberdeen-based oilfield equipment firm Archer.
The contract for platform drilling, maintenance and engineering services was first signed in 1993, and was last renewed in 2012. It covers the Brae Alpha, Brae Bravo, and East Brae platforms.
Archer also said it has successfully field tested the ComTrac composite rod well intervention technology, jointly owned between Archer and IKM through C6 Technologies.
Commenting on the business environment, Archer said: "The outlook for oil services remains uncertain, but Archer and its subsidiaries are benefiting from substantial exposure to the high growth US onshore market.