The newly acquired fleet of liftboats will be operated as part of Hercules wholly-owned subsidiary, Hercules Liftboats LLC. Following the acquisition, Hercules will have 38 units capable of working in water depths greater than 70 feet.
Randy Stilley, Chief Executive Officer and President of Hercules Offshore LLC, noted today, "We are excited to add this fleet of liftboats to our base operation in the U.S. Gulf of Mexico. Hercules Offshore will continue its strategy of evaluating acquisitions of assets that meet our financial criteria, as well as continue to pursue opportunities to move our existing assets to other select international markets under attractive contract terms."
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