Rig: Hercules 267

Name Hercules 267
Owner Savannah Oil Services
Manager Savannah Oil Services
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 Gabon
Region West Africa

Drilling Equipment

Drawworks Type Mid Continent U-1220-EB
Drawworks HP 2000
Mud Pumps Type Gardner Denver PZ-11 Triplex
Top Drive Tesco 500/650 HCI 1205
Hookload Capacity (lbs) 1000000

Rig Construction Details

Rig Design LeTourneau
Rig Model 82-SD-C
Year Built 1980
Country of Build Canada
Yard Name Davie Shipyard
Group Yard Name Societé de Construction Navale, (Soconav)

Rig Contract Details

Operating Status Cold Stacked
Operator --

News

11 Jul 2016

Hercules Offshore, Inc. Announces Agreement to Sell the Hercules 267 by Hercules International Drilling Ltd.

Hercules Offshore, Inc. (OTC Pink: HEROQ) announced today that its subsidiary, Hercules International Drilling Ltd., entered into an agreement to sell the Hercules 267 to an undisclosed buyer for $3.16 million. The sale is expected to close imminently, subject to the satisfaction of customary closing conditions.

20 Jun 2014

Hercules Offshore reports Angolan contract cancellations

Hercules Offshore, Inc. (Hercules) today announced that due to the failure of Sonangol officials to accept a local representative that meets the Company’s international legal compliance standards, Hercules has experienced delays in obtaining Angolan visas for required crewmembers and delays in importing required parts and equipment into Angola to support operations under the drilling contract for the ‘Hercules 267’. As a result of these delays, the contract for the unit will be terminated. Sonangol has failed to accept any of three different local representatives proposed by Hercules who meet our legal compliance standards, notwithstanding the legal and technical sufficiency of our proposals. The Company understands that working with a local representative is required and the transition to a representative meeting our compliance standards is a necessary condition for Hercules to continue to perform its contract obligations in Angola. The ‘Hercules 267’ was previously mobilised to Gabon from Angola and has been stacked on a zero dayrate since late April 2014. The cessation of Chevron’s contract with the unit reduces Hercules current contract backlog by an estimated USD91.8 million. The result of these circumstances also means that the company has voluntarily forgone a three-year contract award it previously received in Angola for the ‘Hercules Triumph’.

21 Feb 2013

Hercules Offshore Purchase 'Ben Avon' Jackup

Hercules Offshore has reached an agreement with KCA Deutag to purchase the 'Ben Avon' jackup rig for a total price of US$55 million. Hercules also announced that they have secured a contract for the unit with Cabinda Gulf Oil Company in Angola to carry out the contract that was previously awarded to the now retired 'Hercules 185' unit for a firm three year period. The purchase of the ‘Ben Avon’ is expected to be completed in March 2013, and sees Hercules continue to purchase older jackup rigs and secure long term contracts for the units, like the operator also did with the ‘Ocean Columbia’ (now Hercules 266) in March 2012 which is expected to begin working for Saudi Aramco in Saudi Arabia in April 2013.

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