Hercules Seals Deal on Jackup for $100M



Hercules Offshore, Inc. announced that the acquisition of the High Island VIII jackup drilling rig and related equipment has closed at a cost of approximately $100 million. The rig, which will be renamed the Hercules 261, will mobilize from the U.S. Gulf of Mexico to Saudi Arabia to begin operations on a previously announced three-year contract expected to commence on approximately September 30, 2008.


RELATED COMPANIES
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.