HELMERICH & PAYNE INKS DEAL WITH SAUDI ARAMCO

Helmerich & Payne, Inc. and Aramco made a recent seven-rig deal official at a signing ceremony last month. The H&P team was honored to join Aramco Upstream President Naser Al-Naimi in this momentous occasion.
“We are extremely pleased to be working with Saudi Aramco and supporting their unconventional gas drilling campaign,” noted John Lindsay, president and CEO of Helmerich & Payne, Inc. “The success of this venture is a testament to the unwavering teamwork and innovative spirit of our employees. Their collective efforts, fueled by a commitment to excellence, have propelled our company forward and I could not be more proud.”
Seven super-spec rigs were each awarded five-year contracts with one-year options and follow the one-rig award announced in August 2023 – for a total of eight rigs going to work in Saudi. Most of these rigs are expected to commence operations during the fourth quarter of this calendar year. The rigs will be sourced from our idle FlexRigs® super-spec fleet in the U.S. and converted to walking configurations.
Related News:
New UR Rig Signings - Aramco Life, April 17, 2024
Helmerich & Payne, Inc. Announces Finalization of Contractual Terms with Saudi Aramco for Recent 7-rig Unconventional Gas Award - Helmerich & Payne, Inc., February 12, 2024
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