Helmerich & Payne Confirms FlexRig Commitments

Helmerich & Payne, Inc. has signed long-term contracts corresponding to previously announced letters of intent to operate seven new FlexRigs in Latin American locations for a large, publicly-traded company with headquarters in the U.S. As stated in the Company's press release dated January 31, 2008, these seven new international FlexRigs are scheduled to be completed and mobilized at the rate of one per month beginning in the fourth fiscal quarter of 2008.

Five of the seven new rigs are committed to operate under five-year term contracts and the remaining two under three-year term contracts. The name of the customer and other terms and conditions were not disclosed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator
Expertise: Heavy Machinery Operator
Location: Williston
US Oklahoma City: Lead Engineer - Well Design
Expertise: Design Engineer
Location: Oklahoma City, OK
Data Specialist - Pipeline Integrity
Expertise: Pipeline Services|QA / QC / Inspection
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.38/BBL 2.44%
Light Crude Oil : $50.43/BBL 2.26%
Natural Gas : $3.14/MMBtu 0.94%
Updated in last 24 hours