Jan 24 (Reuters) - Hercules Offshore Inc:
* Announces investment in Discovery Offshore S.A
* Says announces an investment of $10 million in Discovery Offshore S.A.
* Discovery Offshore will construct 2 ultra high-specification jackup rigs,
with options for 2 more jackup rigs
* Will also enter into a construction management agreement and service
agreements with Discovery Offshore
* Payment terms to Keppel FELS are 20% of turnkey construction price at contract signing, rest due at rig delivery
* Says total delivery cost is currently estimated at $231 million per rig
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces investment in Discovery Offshore S.A
* Says announces an investment of $10 million in Discovery Offshore S.A.
* Discovery Offshore will construct 2 ultra high-specification jackup rigs,
with options for 2 more jackup rigs
* Will also enter into a construction management agreement and service
agreements with Discovery Offshore
* Payment terms to Keppel FELS are 20% of turnkey construction price at contract signing, rest due at rig delivery
* Says total delivery cost is currently estimated at $231 million per rig
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.