Byron Energy in Gulf of Mexico rig swap

  • Business & Finance

Byron Energy, the operator of several blocks in the Gulf of Mexico, has cancelled a contract with Hercules Offshore for one of its rigs, and swapped it for another one. 

The U.S. offshore drilling contractor Hercules Offshore informed on Tuesday in its latest fleet status report that Byron cancelled a contract it had for the jack-up rig Hercules 264 and swapped it with another one for the Hercules 205 rig. The rig will work in the Gulf of Mexico for 30 days with a dayrate between $49,000 and $51,000.

The Hercules 205 jack-up was previously under a contract with Renaissance that ended on January 17 and its current contract with Byron started on January 19. The contract with Renaissance is scheduled to re-start in May.

Meanwhile, Hercules 264 will work for Linder for 15 days until February 10 with a dayrate ranging $69,000 to $71,000.

In addition, Hercules said that its 1981-built drilling rig Hercules 263 was warm stacked in the Gulf of Mexico. The Hercules 263 rig is of a Bethlehem JU-250- MC design built by Bethlehem Steel, Beaumont, Texas.

The offshore driller has nine of its rigs cold stacked, five warm stacked, including Hercules 263, and Hercules 350 is ready stacked.

Offshore Energy Today Staff

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