Hercules Offshore reports that all of its drilling rigs, liftboats and other marine vessels in the U.S. Gulf of Mexico have been accounted for. The company conducted an aerial survey of its rigs and has start-up crews on the majority of its active rigs and is presently coordinating the re-manning of the remaining rigs.
The company has not identified any significant damage through the aerial surveys or reports from offshore personnel who have re-boarded the rigs, but a complete evaluation of their condition will require closer inspection by the offshore crews. However, the Hercules 78, an 85-foot Donhaiser Marine submersible, has moved approximately 600 feet from its pre-storm position. An assessment crew is onboard and a diving vessel will be conducting an underwater survey of the rig. The rig is insured for $45 million, with a $10 million deductible and a 10% quota share. The Company has a $200 million aggregate annual limit on losses related to U.S. Gulf of Mexico named windstorms.
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