{"id":910975,"date":"2025-11-17T16:09:04","date_gmt":"2025-11-17T21:09:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\/"},"modified":"2025-11-17T16:09:04","modified_gmt":"2025-11-17T21:09:04","slug":"hp-announces-reactivation-of-seven-rigs-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\/","title":{"rendered":"H&P Announces Reactivation of Seven Rigs in Saudi Arabia"},"content":{"rendered":"

<\/p>\n

H&P Announces Reactivation of Seven Rigs in Saudi Arabia<\/b><\/p>\n

TULSA, Okla.–(BUSINESS WIRE<\/a>)–
\nHelmerich & Payne, Inc. (NYSE: HP) today announced that notice has been received to recommence operations on seven land rigs in Saudi Arabia that are currently under suspension. The reactivations will occur in stages throughout the first half of calendar year 2026. In accordance with the terms of the drilling contracts, all days accrued during each rig\u2019s suspension period will be added to its remaining contract.<\/p>\n

\n\u201cThese reactivations demonstrate the strong, long-term partnership we\u2019ve built with our customers and their continued confidence in H&P\u2019s performance and reliability,\u201d said John Lindsay, chief executive officer. \u201cThey also mark a positive step forward as we strengthen our international operations and build upon the solid foundation established through the KCA Deutag acquisition. As activity increases, we remain focused on safely delivering exceptional results and innovative solutions that help our customers achieve their goals.\u201d<\/p>\n

\nH&P\u2019s growing footprint in the Kingdom of Saudi Arabia underscores the company\u2019s strategic commitment to the Eastern Hemisphere, where demand for advanced drilling solutions and skilled crews continues to increase. The company continues to leverage its existing FlexRig\u00ae fleet and advanced technologies to deliver efficient, reliable and sustainable drilling operations that support its customers\u2019 long-term goals.<\/p>\n

\nThese reactivations reflect strengthening market conditions we are experiencing across the Middle East and reinforce H&P\u2019s role as a key drilling solutions provider in the Kingdom of Saudi Arabia. By mid-2026, the company expects to operate 24 rigs in-country, including eight proprietary FlexRigs\u00ae and 16 rigs acquired through the KCA Deutag transaction.<\/p>\n

About Helmerich & Payne, Inc.<\/span><\/b><\/p>\n

\nFounded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. As of November 17, 2025, H&P’s fleet includes 203 land rigs in the United States, 137 international land rigs and 5 offshore platform rigs, plus operating approximately 30 offshore labor contracts. For more information, see H&P online at www.hpinc.com<\/a>.<\/p>\n

Forward Looking Statement<\/b><\/p>\n

\nPortions of this document may constitute \u201cforward-looking statements\u201d as defined by federal law. Although H&P believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the \u201csafe harbor\u201d protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in H&P\u2019s annual and quarterly reports filed with the SEC. H&P uses its Investor Relations website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.hpinc.com<\/a>. Information on our website is not part of this release.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251117883574\/en\/<\/a><\/span><\/p>\n

Investor Relations Contact:
\n<\/b>
Kris Nicol
\n
Vice President, Investor Relations
\n
346-465-1452
\n
Kris.Nicol@hpinc.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Stephanie Higgins
\n
Vice President, Global Communications & Community Relations
\n
918-588-2670
\n
media@hpinc.com<\/a><\/p>\n

KEYWORDS:<\/b> Oklahoma United States Saudi Arabia North America Middle East<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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H&P Announces Reactivation of Seven Rigs in Saudi Arabia TULSA, Okla.–(BUSINESS WIRE)– Helmerich & Payne, Inc. (NYSE: HP) today announced that notice has been received to recommence operations on seven land rigs in Saudi Arabia that are currently under suspension. The reactivations will occur in stages throughout the first half of calendar year 2026. In accordance with the terms of the drilling contracts, all days accrued during each rig\u2019s suspension period will be added to its remaining contract. \u201cThese reactivations demonstrate the strong, long-term partnership we\u2019ve built with our customers and their continued confidence in H&P\u2019s performance and reliability,\u201d said John Lindsay, chief executive officer. \u201cThey also mark a positive step forward as we strengthen our international operations and build … <\/p>\n

Continue reading “H&P Announces Reactivation of Seven Rigs in Saudi Arabia”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-910975","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nH&P Announces Reactivation of Seven Rigs in Saudi Arabia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H&P Announces Reactivation of Seven Rigs in Saudi Arabia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"H&P Announces Reactivation of Seven Rigs in Saudi Arabia TULSA, Okla.–(BUSINESS WIRE)– Helmerich & Payne, Inc. (NYSE: HP) today announced that notice has been received to recommence operations on seven land rigs in Saudi Arabia that are currently under suspension. The reactivations will occur in stages throughout the first half of calendar year 2026. In accordance with the terms of the drilling contracts, all days accrued during each rig\u2019s suspension period will be added to its remaining contract. \u201cThese reactivations demonstrate the strong, long-term partnership we\u2019ve built with our customers and their continued confidence in H&P\u2019s performance and reliability,\u201d said John Lindsay, chief executive officer. \u201cThey also mark a positive step forward as we strengthen our international operations and build … Continue reading "H&P Announces Reactivation of Seven Rigs in Saudi Arabia"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-17T21:09:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20251117883574r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"H&P Announces Reactivation of Seven Rigs in Saudi Arabia\",\"datePublished\":\"2025-11-17T21:09:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\\\/\"},\"wordCount\":602,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20251117883574r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hp-announces-reactivation-of-seven-rigs-in-saudi-arabia\\\/\",\"name\":\"H&P Announces Reactivation of Seven Rigs in Saudi Arabia - 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