Hercules Offshore, Inc. Announces Extension of Termination Date of Hercules 261 Contract

HOUSTON, April 30, 2015 /PRNewswire/ -- Hercules Offshore, Inc. (NASDAQ: HERO) announced that it has received a notice from Saudi Aramco extending the termination date of its drilling contract for the Hercules 261, to May 31, 2015. As previously disclosed, we are in the process of seeking a basis for continuing the Hercules 261 contract. We disclaim any obligation to update this information except as required by applicable rules and regulations.

About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. operates a fleet of 33 jackup rigs, including one rig under construction, and 24 liftboats. The Company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in several key shallow water provinces around the world. For more information, please visit our website at http://www.herculesoffshore.com.

Statements above that are not historical fact are forward-looking statements, including the status of contract discussions, day rates and potential contract terminations. Forward-looking statements by their nature involve substantial risks, uncertainties and assumptions, including without limitation, contract renegotiations with customers, early termination by the customer pursuant to the contract or otherwise, government and regulatory actions and other factors described in the risks and uncertainties described in our periodic reports filed with the Securities and Exchange Commission. Many of these factors are beyond our ability to control or predict. 

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SOURCE Hercules Offshore, Inc.