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Hercules Offshore signs five-year contract with subsidiary of Eni SpA.

International Resource News-April 6, 2015--Hercules Offshore signs five-year contract with subsidiary of Eni SpA

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International Resource News - 06 April 2015

Hercules Offshore, a global provider of offshore contract drilling and liftboat services to the oil and gas industry, has signed a five-year contract with a subsidiary of Eni SpA.

The contract has been signed for use of the Hercules 260 (250' ILC) in West Africa.

The day rate under the agreement will range from a minimum of USD75,000 per day when the price of Brent crude oil is USD86 or less per barrel, to a maximum of USD125,000 per day when the price of Brent crude oil is USD125 or more per barrel. Commencement of the contract is expected in early April 2015.

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Publication:International Resource News (IRN)
Date:Apr 6, 2015
Words:154
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