HOUSTON,
March 10, 2016 /PRNewswire/ --
Hercules Offshore, Inc. (NASDAQ: HERO) announced that it received
from Saudi Aramco on March 9, 2016, a
notice reducing the dayrates under its five year contracts for the
Hercules 261 and Hercules 262 from $67,000 per day to $63,650 per day. The reduced dayrates will apply
from January 1, 2016, through
December 31, 2016. Saudi Aramco also
advised the Company that the dayrate for the Hercules 266 has been
reduced from $67,000 per day to
$63,650 per day effective
January 1, 2016, through the
remaining term of its contract.
About Hercules Offshore, Inc.
Headquartered in Houston,
Hercules Offshore, Inc. operates a fleet of 27 jackup rigs,
including one rig under construction, and 19 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.
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SOURCE Hercules Offshore, Inc.