HOUSTON, April 2, 2015 /PRNewswire/ -- Hercules Offshore (NASDAQ: HERO) announced that it has signed a five-year contract with a subsidiary of Eni S.p.A. for use of the Hercules 260 in West Africa. The dayrate under the contract will range from a minimum of $75,000 per day when the price of Brent crude oil is $86 or less per barrel, to a maximum of $125,000 per day when the price of Brent crude oil is $125 or more per barrel. Contract commencement is expected in early April 2015. Costs for contract specific upgrades will be reimbursed by the operator.

About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. operates a fleet of 33 jackup rigs, including one 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 length of the contract and contract commencement date. Forward-looking statements by their nature involve substantial risks, uncertainties and assumptions, including without limitation, shipyard, transportation and other delays, early termination by the customer pursuant to the contract or otherwise, operational difficulties, 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.