Hercules Offshore unit agrees to $3.16 million sale of Hercules 267

By Caroline Salls

Pittsburgh, July 12 – Hercules Offshore, Inc.’s Hercules International Drilling Ltd. subsidiary entered into an agreement to sell the Hercules 267 to an undisclosed buyer for $3.16 million, according to a news release.

The company said the sale is expected to close imminently, subject to the satisfaction of customary closing conditions.

Hercules, a Houston-based provider of offshore drilling equipment and services, filed bankruptcy on June 6 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 16-11385.

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