HOUSTON, April 2, 2015 /PRNewswire/ -- Hercules
Offshore (NASDAQ: HERO) announced that it has signed a
five-year contract with a subsidiary of Eni S.p.A. for use of the
Hercules 260 in West
Africa. The dayrate under the contract will range from a
minimum of $75,000 per day when the
price of Brent crude oil is $86 or
less per barrel, to a maximum of $125,000 per day when the price of Brent crude
oil is $125 or more per barrel.
Contract commencement is expected in early April 2015. Costs for contract specific upgrades
will be reimbursed by the operator.
About Hercules Offshore
Headquartered in Houston,
Hercules Offshore, Inc. operates a fleet of 33 jackup rigs,
including one under construction, and 24 liftboats. The Company
offers a range of services to oil and gas producers to meet their
needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world. For more information, please
visit our website at http://www.herculesoffshore.com.
Statements above that are not historical fact are
forward-looking statements, including the length of the contract
and contract commencement date. Forward-looking statements by
their nature involve substantial risks, uncertainties and
assumptions, including without limitation, shipyard, transportation
and other delays, early termination by the customer pursuant to the
contract or otherwise, operational difficulties, government and
regulatory actions and other factors described in the risks and
uncertainties described in our periodic reports filed with the
Securities and Exchange Commission. Many of these factors are
beyond our ability to control or predict.
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SOURCE Hercules Offshore, Inc.