Keppel Delivers First Super A-class Rig
phase difference detection, and brake failure and overload protection devices. In addition to having strong drilling capabilities and cantilever load performance, the KFELS Super A Class has a two million pound hook load drilling system and includes a spacious deck and amenities to accommodate 150 men. John T. Rynd, CEO of Hercules Offshore added, "With the strong demand for rigs capable of working in the North Sea, we believe the KFELS Super A Class is a value proposition rig with leading performance compared to ultra high specification jackups of its class. It provides higher variable load, better
U.S.-based Hercules Offshore Sells Most of Inland Fleet
$35 million, and closing on the final rig is expected in early third quarter 2013, at which time the Company will receive the remaining balance of $10 million. The Company expects to record a non-cash impairment charge of approximately $40 million as a result of the sale in the second quarter 2013. John T. Rynd, Chief Executive Officer and President of Hercules Offshore stated, "The sale of our Inland rigs is consistent with our on-going efforts to rationalize non-core assets. Market challenges in this segment have been significant over the past several years, making it difficult to generate
February 2025
