Helmerich & Payne to build, operate three additional FlexRigs in the U.S.

theflyonthewall.com

Thu, Jan 31, 2013, 11:09 AM

The company announced that it has entered into agreements to build and operate three additional FlexRigs in the U.S. with two exploration and production companies. The three rigs will be built under multi-year term contracts and are expected to generate attractive economic returns for the company. Including the new builds announced today, five contracted FlexRigs remain to be delivered. Once these rigs are delivered, the company's global fleet is expected to include 299 FlexRigs.

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Helmerich & Payne to build, operate three additional FlexRigs in the U.S.

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