Eni contracts Hercules 260 for West Africa

Hercules Offshore (NASDAQ: HERO) has signed a five-year contract with a subsidiary of Eni S.p.A. for use of the Hercules 260 in West Africa.

Apr 2nd, 2015

Offshore staff

HOUSTON –Hercules Offshore (NASDAQ: HERO) has signed a five-year contract with a subsidiary of Eni S.p.A. for use of the Hercules 260in West Africa.

The contract is scheduled to begin in a few days.

The day rate is tied to the price of Brent crude, ranging from a minimum of $75,000/day when Brent is $86 or less to $125,000/day when Brent crude is $125 or more.

04/02/2015

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