United States Oil & Gas Contract Driller Helmerich & Payne to buy UK KCA Deutag for $1.9 Billion, Combined Company to Form Leading Rig Provider in Middle East
27th July 2024 | Hong Kong
United States oil & gas contract driller Helmerich & Payne has announced to buy UK KCA Deutag for $1.97 billion, with the combined company to form a leading rig provider in Middle East. Helmerich & Payne – Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our 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. For more information, visit www.helmerichpayne.com. KCA Deutag – KCA Deutag is a leading drilling, engineering and technology partner in current and future global energy markets, delivering innovative solutions to ensure a secure, affordable and sustainable energy future. With over 135 years of experience our global network of operations spans 26 countries, where we employ approximately 11,000 people in our Land, Offshore and Kenera business units. We currently operate or own 167 drilling rigs across the Middle East, Europe, Africa, Caspian Sea, Latin America and Canada.
“ United States Oil & Gas Contract Driller Helmerich & Payne to buy UK KCA Deutag for $1.9 Billion, Combined Company to Form Leading Rig Provider in Middle East “
Helmerich & Payne – Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our 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. For more information, visit www.helmerichpayne.com.
KCA Deutag – KCA Deutag is a leading drilling, engineering and technology partner in current and future global energy markets, delivering innovative solutions to ensure a secure, affordable and sustainable energy future. With over 135 years of experience our global network of operations spans 26 countries, where we employ approximately 11,000 people in our Land, Offshore and Kenera business units. We currently operate or own 167 drilling rigs across the Middle East, Europe, Africa, Caspian Sea, Latin America and Canada.
United States Oil & Gas Contract Driller Helmerich & Payne to buy UK KCA Deutag for $1.9 Billion, Combined Company to Form Leading Rig Provider in Middle East
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