Helmerich & Payne acquires KCA Deutag in a $2bn deal, expanding its global onshore drilling presence.
Helmerich & Payne (H&P) is set to acquire Aberdeen-headquartered KCA Deutag in a $2bn deal, expanding its presence in the US, Middle East and becoming a global leader in onshore drilling. The acquisition will increase H&P's Middle East rig count from 12 to 88 rigs and provide immediate scale in core Middle East markets. The combined company will maintain a shared customer-centric approach and safety focus.
July 25, 2024
4 Articles