Online

Saudi Aramco axes Hercules 261 contract

Saudi Aramco has told Hercules Offshore it plans to axe its contract for the jack-up Hercules 261 with four and a half years left to run on the deal.

Contract cancellation: Rig order woe for Hercules Offshore on jack-up Hercules 261, above right
Contract cancellation: Rig order woe for Hercules Offshore on jack-up Hercules 261, above right
Published 26 February 2015, 14:15Updated 17 October 2016, 13:04
Middle East