Rig: Hercules 265

Name Hercules 265
Owner Hercules Offshore
Manager Hercules Offshore
Rig Type Jackup
Sub Type Mat Cantilever
Jackup Type Mat Cantilever/Slot
Max Water Depth (ft) 250
Max Drill Depth (ft) 20000
Dimensions (ft) 166 x 145 x 20
Leg Length (ft) --
Competitive No

Current Location

Country --
Region --

Drilling Equipment

Drawworks Type National Oilwell Varco 1320 M
Drawworks HP 2000
Mud Pumps Type National Oilwell Varco 12-P-160 Triplex
Top Drive National Oilwell Varco PS2-500A
Hookload Capacity (lbs) 1400000

Rig Construction Details

Rig Design Bethlehem
Rig Model JU-250-MC
Year Built 1982
Country of Build USA
Yard Name Beaumont, Texas
Group Yard Name Bethlehem Steel Corporation Shipbuilding Division

Rig Contract Details

Operating Status Retired


23 Dec 2013

Hercules Offshore releases details of insurance claim for 'Hercules 265'

Hercules Offshore Inc (Hercules) has announced the company received payment from its insurance underwriters for the previously-disclosed damage to its ‘Hercules 265’ jackup drilling rig. Hercules insurance underwriters determined that the unit is a constructive total loss and as such Hercules received gross insurance proceeds of US$50 million. As a result of this insurance collection, Hercules anticipates recording an insurance gain of approximately $31 million in the fourth quarter 2013. Hercules and its insurance underwriters continue to negotiate the insurance recovery amounts for costs related to the salvage of the ‘Hercules 265’ and certain other insured losses. Also on December 20, 2013, Hercules announced that it has closed the sale of its ‘Hercules 170’ jackup drilling rig for a purchase price of US$8.3 million. Hercules did not disclose details of the new owner and manager of the ‘Hercules 170’.

24 Jul 2013

'Hercules 265' jackup is evacuated

The ‘Hercules 265’ mat-supported jackup rig which is currently working for Walter Oil & Gas in the US Gulf of Mexico has been evacuated of all personnel whilst drilling on the South Timbalier 220 block. The unit experienced a well control incident and as such all personnel were transported onshore as the operator attempts to regain control of the natural gas well it has been drilling. Walter reported the loss of well control on Tuesday morning at the A-3 well being drilled in 154ft of water, as the well began to flow gas but no oil. Walter and Hercules are both working with responders to ensure the best course of action is taken for the complete shutdown of the well.

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