Helmerich & payne, inc. announces finalization of contractual terms with saudi aramco for recent 7-rig unconventional gas award

Tulsa, okla.--(business wire)--helmerich & payne, inc. (the “company” or “h&p”) (nyse: hp) today announced that the company and saudi aramco have finalized the contractual terms related to a recent 7-rig tender award. the seven super-spec rigs were awarded 5-year contracts, with 1-year options, and are expected to commence operations shortly after delivery, which for a majority of these rigs is scheduled during the fourth calendar quarter of 2024. similar to the one-rig award with saudi.
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