Hercules Offshore

Hercules Offshore has signed a 5-year contract with a subsidiary of Eni for the use of its Hercules 260 jackup rig offshore West Africa. The day rate will range from a minimum of USD 75,000 per day when Brent crude falls below USD 86/bbl to a maximum of USD 125,000 per day when Brent crude exceeds USD 125/bbl. The contract began in April.