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Hercules bags Eni rig contract offshore West Africa

02nd April 2015

Hercules Offshore has signed a five-year contract with a subsidiary of Eni for use of the Hercules 260 in West Africa

Hercules Offshore has signed a five-year contract with a subsidiary of Eni for use of the Hercules 260 in West Africa
Contract commencement is expected in early April 2015

The dayrate under the contract will range from a minimum of USD 75,000 per day when the price of Brent crude oil is USD 86 or less per barrel, to a maximum of USD 125,000 per day when the price of Brent crude oil is USD 125 or more per barrel.

Contract commencement is expected in early April 2015. Costs for contract specific upgrades will be reimbursed by the operator.

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