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BRIEF-Hercules Offshore announces rate reductions for Hercules 261, Hercules 262 and Hercules 266 contracts

Thu 10th March, 2016 10:20pm
March 10 (Reuters) - Hercules Offshore Inc  HERO.O : 
 * Announces rate reductions for Hercules 261, Hercules 262 and Hercules 266 
   contracts 
 * Says reduced dayrates will apply from January 1, 2016, through December 31, 
   2016 
 * Says reduced dayrates will apply from January 1, 2016, through December 31, 
   2016 
 * Got from Saudi Aramco notice reducing dayrates under contracts for Hercules 
   261,hercules 262 from $67,000 per day to $63,650 per day 
 * Saudi aramco also advised co that dayrate for Hercules 266 has been reduced 
   from $67,000/day to $63,650/day effective January 1, 2016 
 
* Source text for Eikon  urn:newsml:reuters.com:*:nPn9dTB4Q 
 
* Further company coverage  HERO.O  ((Bengaluru Newsroom; +1 646 223 8780))
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