Rig: Admarine 261

Name Admarine 261
Owner Advanced Energy Systems
Manager Advanced Energy Systems
Rig Type Jackup
Sub Type Independent Leg Cantilever
Jackup Type Standard
Max Water Depth (ft) 250
Max Drill Depth (ft) 20000
Dimensions (ft) 207 x 176 x 20
Leg Length (ft) 360
Competitive Yes

Current Location

Country Saudi Arabia
Region Middle East

Drilling Equipment

Drawworks Type National Oilwell Varco 1320 UE
Drawworks HP 2000
Mud Pumps Type National Oilwell Varco 12-P-160 Triplex
Top Drive National Oilwell Varco TDS-3S
Hookload Capacity (lbs) 1000000

Rig Construction Details

Rig Design LeTourneau
Rig Model 82-SD-C
Year Built 1979
Country of Build Canada
Yard Name Davie Shipyard
Group Yard Name Societé de Construction Navale, (Soconav)

Rig Contract Details

Operating Status Operational
Operator Saudi Aramco

News

1 Jun 2015

Hercules agrees to rate reductions and Saudi Aramco cancels termination notice for 'Hercules 261'

Hercules Offshore, Inc. (“Hercules”) announced today it had received a notice from Saudi Aramco withdrawing its previously issued termination notice for the Hercules 261 jackup. Following the withdrawal of this termination notice, the Hercules 261 is now fully contracted up until September 2019. Meanwhile Hercules also announced that it has agreed to rate reductions for its three jackups currently contracted to Saudi Aramco; Hercules 261, Hercules 262 and Hercules 266. The rates for all three units will be reduced to USD67,000 and apply from the 1st January 2015. The rate reductions for the Hercules 261 and 262 run until 31st December 2016, whilst the Hercules 266 reduction will be applied for the remainder of the units contract which completes in November 2015.

1 May 2015

Hercules extends 'Hercules 261' contract for another month

Hercules Offshore, Inc. (“Hercules”) has announced that it has received a notice from Saudi Aramco extending the termination date of its drilling contract for the Hercules 261, to May 31st, 2015. This is the second termination date extension that Saudi Aramco has issued for the Hercules 261. Previously the contract was due to expire on the 27th March 2015 and then the 30th April 2015, following notice that Saudi Aramco gave Hercules in February 2015. As previously disclosed, we are in the process of seeking a basis for continuing the Hercules 261 contract.

26 Feb 2015

Saudi Aramco cancels contract for 'Hercules 261'

Hercules Offshore, Inc. (“Hercules”) announced today that it has received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261 jackup, effective March 27th, 2015. Hercules is in the process of seeking a basis for continuing the Hercules 261 contract. As previously disclosed, Hercules has been in discussions with Saudi Aramco about a possible rate reduction on the Hercules 262 and Hercules 266. The Company has not received a notice of termination from Saudi Aramco with respect to these rigs.

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