# Helmerich & Payne wins seven-rig drilling contract from Saudi Aramco

Helmerich & Payne finalized a seven-rig tender award from Saudi Aramco for unconventional gas drilling. The five-year contracts with one-year options are valued at $175-196 million in capital expenditures, with rigs expected to start operations in Q4 2024.

- Type: Contract
- Announced: 2024-02-14
- Where: Saudi Arabia
- Value: $175.0M
- Status: announced
- Products: super-spec drilling rigs
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Helmerich & Payne](https://endata.com/companies/41538.md)
- [Saudi Aramco](https://endata.com/companies/304.md) (customer)
- [Helmerich & Payne](https://endata.com/companies/41538.md) (supplier)

## Sources

- [worldoil.com](https://www.worldoil.com/news/2024/2/14/helmerich-payne-wins-seven-rig-unconventional-gas-drilling-contract-from-saudi-aramco/), 2024-02-14: "We are extremely pleased to be working with Saudi Aramco and supporting their unconventional gas drilling campaign."
- [oilfieldtechnology.com](https://www.oilfieldtechnology.com/drilling-and-production/15022024/helmerich-payne-announce-finalisation-of-contractual-terms-with-saudi-aramco-for-7-rig-tender-award/), 2024-02-15: "We are extremely pleased to be working with Saudi Aramco and supporting their unconventional gas drilling campaign."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.