Oil & Gas Middle East



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.

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