Saudi Aramco extends termination date for Hercules Offshore rig

Hercules Offshore, a U.S.-based offshore drilling contractor has received a notice from Saudi Aramco extending the previously announced termination date for one of its jack-up rigs.

The termination for the Hercules 261 unit has now been postponed to May 31, 2015.

“As previously disclosed, we are in the process of seeking a basis for continuing the Hercules 261 contract,” Hercules said.

Hercules Offshore in February said that Saudi Aramco would be terminating its drilling contract for the Hercules 261 jack-up rig on March 27, 2015. The contract was originally scheduled to last until September 2019.

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