Hercules Offshore Reports No Damage to Rigs or Vessels from Hurricane Isaac
HOUSTON, Sept. 4, 2012 /PRNewswire/ -- Hercules Offshore, Inc. (NASDAQ: HERO) reported today that all of its drilling rigs and liftboats located in the U.S. Gulf of Mexico have been accounted for and re-manned. Based on preliminary crew inspections, there does not appear to be any significant damage to the rigs or liftboats as a result of Hurricane Isaac. The Company's facilities in Lafayette, Louisiana also sustained no significant damage.
John T. Rynd, President and Chief Executive Officer, stated, "Our established hurricane and crisis management planning has proven to be effective in safely evacuating our personnel and ensuring that our drilling rigs and vessels weathered the storm without damage or environmental incident. We are grateful for the excellent performance of our entire operational staff and offshore crews during the evacuation process."
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are subject to a number of risks, uncertainties, assumptions, differing interpretations regarding dayrates payable during the evacuation, possible negotiations with customers and other factors described in Hercules Offshore's most recent periodic reports and other documents filed with the Securities and Exchange Commission, which are available free of charge at the SEC's Web site at http://www.sec.gov or the company's Web site at http://www.herculesoffshore.com. Hercules Offshore cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.
Headquartered in Houston, Hercules Offshore, Inc. operates a fleet of 42 jackup rigs, 16 barge rigs, 63 liftboats and two submersible rigs. 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. Hercules Offshore currently holds 32.1% of share capital in Discovery Offshore S.A., a pure play, ultra-high specification jackup rig company. For more information, please visit our website at http://www.herculesoffshore.com.
SOURCE Hercules Offshore, Inc.
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