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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 .
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hercules-offshore-inc-announces-rate-reductions-for-hercules-261-hercules-262-and-hercules-266-contracts-300234447.html
SOURCE Hercules Offshore, Inc.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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