Helmerich & Payne International Drilling layoff 50 employees after rig closure

H&P 100 platform rigThe US offshore operator Helmerich & Payne International Drilling close its H&P 100 platform rig in Gulf of Mexico after company received contract cancellation from the charteur. The closure of the offshore rig will cause lay-off of 50 employees, which were engaged with operations and maintenance of the platform. Helmerich & Payne International Drilling already informed Louisiana Workforce Commission about the job cuts and will proceed with restructuring of its operations and management. The company notice of layoffs was issued voluntarily and does not technically constitute a Worker Adjustment and Retraining Notification.

This is second rig closure for the US offshore company since the beginning of the year, after in February laid-off H&P Rig 105. Then the company again cut 40 jobs from the employees of the offshore platform.

Helmerich & Payne is a petroleum contract drilling company engaged in oil and gas well drilling for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. The company is engaged with offshore and onshore operations, as well as some of the pioneers in drilling unconventional shale formations. Moreover, Helmerich & Payne mobilized its first offshore rig, called Spindletop, in 1968 and began deepwater operations in the Gulf in 1996.