Oil & Gas Middle East
13 HELMERICH & PAYNE
Oklahoma-based service provider H&P is on our list this year as the company’s activity continues to tick higher.
In December 2021, H&P finalised the Rig Enablement Framework Agreement with ADNOC Drilling to advance the company’s land rig operational performance, as well as support its ambitious growth and expansion plans.
Focused on improving drilling efficiencies and unlocking operational savings, the agreement builds on the Asset Purchase Agreement and
IPO Cornerstone Agreement announced on September 8, 2021, further strengthening the strategic alliance between ADNOC Drilling and H&P.
In the Middle East, preparations are underway to export some of its idle superspec capacity as part of its hub strategy, H&P’S President and CEO John Lindsay noted.
“Current plans have one rig moving in the coming months with others possible shortly thereafter…we view this as an important step in establishing our Middle East hub,” he said.