Hercules Offshore received a notice from Saudi Aramco to terminate its drilling contract for the Hercules 261, effective 27 March 2015.
Hercules says it is in the process of seeking a basis for continuing the Hercules 261 contract.
The company has been in discussions with Saudi Aramco about a possible rate reduction on the Hercules 262 and Hercules 266. Hercules says it has not received a notice of termination from Saudi Aramco with respect to these rigs.
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