Archer, officially known as Archer Well Company, is a leading provider of innovative drilling solutions headquartered in BM. Established in 2018, the company has rapidly expanded its operations across key regions, including North America and Europe, positioning itself as a significant player in the oil and gas industry. Archer focuses on delivering advanced technologies and services that enhance drilling efficiency and reduce environmental impact. Their core offerings include well construction, intervention, and abandonment services, distinguished by their commitment to safety and sustainability. With a strong emphasis on research and development, Archer has achieved notable milestones, including the introduction of cutting-edge drilling techniques that optimise performance. As a result, the company has garnered recognition for its market leadership and dedication to driving innovation within the sector.
How does Archer's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Archer's score of 7 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Archer reported total carbon emissions of approximately 60,940,000 kg CO2e, with Scope 1 emissions accounting for about 60,170,000 kg CO2e and Scope 2 emissions at approximately 770,000 kg CO2e. This marks a slight increase from 2022, where total emissions were about 58,608,000 kg CO2e. Over the years, Archer has demonstrated a commitment to reducing its carbon footprint. In 2021, total emissions were approximately 54,392,000 kg CO2e, indicating a significant reduction from 2019's total of about 78,890,000 kg CO2e. However, there are currently no specific reduction targets or initiatives disclosed, such as those aligned with the Science Based Targets initiative (SBTi). Archer's emissions data reflects a focus on Scope 1 and Scope 2 emissions, with no reported Scope 3 emissions. The company continues to monitor and report its emissions, contributing to transparency in its climate commitments.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 77,894,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 2 | 996,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
Scope 3 | - | 000,000 | 000,000 | 000,000 | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Archer is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.