Helix Secures Deepwater Well Intervention Contract Offshore Nigeria
February 26 2024 - 7:00AM
Business Wire
Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to
announce a deepwater well intervention contract award by Esso
Exploration and Production Nigeria (Deepwater) Ltd. (“Esso”). The
project, located offshore Nigeria in the Erha and Usan fields, is
expected to commence in September 2024 with the vessel expected to
be in Nigeria into 2025. The fields are located approximately 97km
offshore of Nigeria in water depths ranging from 700m to
1,500m.
Under the contract, Helix will provide the Q4000, a DP3
riser-based semi-submersible well intervention vessel, a 10k
Intervention Riser System (IRS), remotely operated vehicles,
project management, and engineering services to cover fully
integrated well intervention services from production enhancement
to plug and abandonment.
Scotty Sparks, Helix’s Executive Vice President and Chief
Operating Officer, stated, “We are pleased to announce this
contract for the Q4000. We are eager to strengthen our relationship
with Esso and to further establish our presence as the leader for
well intervention services in West Africa.”
The Q4000 provides a world-class offshore platform for a diverse
array of tasks such as subsea well intervention, field and well
decommissioning, subsea equipment installation and recovery, well
testing, and emergency well containment with dedicated service
areas to increase safety and vessel efficiency.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston,
Texas, is an international offshore energy services company that
provides specialty services to the offshore energy industry, with a
focus on well intervention, robotics and full field decommissioning
operations. Our services are key in supporting a global energy
transition by maximizing production of existing oil and gas
reserves, decommissioning end-of-life oil and gas fields and
supporting renewable energy developments.
For more information about Helix, please visit our website at
www.helixesg.com.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks, uncertainties and assumptions that could cause our
results to differ materially from those expressed or implied by
such forward-looking statements. All statements, other than
statements of historical fact, are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, any statements regarding
the contract and the parties thereto; the current market or demand
for our services; our ability to enter into, renew and/or perform
commercial contracts; our current work continuing; and any impact
on our financial and operating results and estimates; any
statements regarding our strategy; any statements regarding our
business model or the global energy transition; and any statements
of assumptions underlying any of the foregoing. The forward-looking
statements are subject to a number of known and unknown risks,
uncertainties and other factors that could cause results to differ
materially from those in the forward-looking statements, including
but not limited to the terms of the contract and/or any extension
thereof; actions by governments, customers, suppliers and partners;
market conditions; demand for our services; the performance of
contracts by suppliers, customers and partners; actions by
governmental and regulatory authorities; operating hazards and
delays, which includes delays in delivery, chartering or customer
acceptance of assets or terms of their acceptance; our ultimate
ability to realize current backlog; employee management issues;
complexities of global political and economic developments;
geologic risks; volatility of oil and gas prices and other risks
described from time to time in our reports filed with the
Securities and Exchange Commission (the “SEC”), including Helix’s
most recently filed Annual Report on Form 10-K and in Helix’s other
filings with the SEC, which are available free of charge on the
SEC’s website at www.sec.gov. We assume no obligation and do not
intend to update these forward-looking statements, which speak only
as of their respective dates, except as required by the securities
laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20240226741197/en/
Erik Staffeldt, Executive Vice President and CFO email:
estaffeldt@helixesg.com Ph: 281-618-0465
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