Hercules 260 to Work for ENI in West Africa

Friday, April 3, 2015

Hercules Offshore and ENI have signed a five-year contract that will see ENI using the Hercules 260 offshore West Africa.

The dayrate under the contract is based on Brent crude prices; from a minimum of $75,000 per day when the price of Brent crude oil is $86 or less per barrel, to a maximum of $125,000 per day when the price of Brent crude oil is $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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