Hercules lands rig deal after Saudi blow
Houston (UPI) Apr 2, 2015 - Hercules Offshore, one of the companies hurt by the low price of oil, said Thursday it signed a five-year contract with Eni for work off the West African coast. The company signed a deal to lease its Hercules 260 rig to a subsidiary of the Italian energy company. The contract outlines a rate of $75,000 per day if crude oil prices stay below $86 per barrel and $125,000 per day if crude o ... more
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