Helix Energy Solutions Group, Inc. entered into a new multi-year contract with Shell Offshore Inc. to provide well intervention services in the U.S. Gulf of Mexico, according to a press release on March 31.
Commencing in March 2022, the three-year contract includes an anticipated 75 days utilization per year with the option to add additional utilization days.
“Shell continues to be a valued customer of Helix," Scotty Sparks, executive vice president and COO at Helix, said in the press release. "We appreciate their continued confidence in our fully integrated well intervention services, our commitment to safety and cost-effective and efficient solutions. We are confident in the efficiencies and value we bring to our customers, and this contract further signals the increasing demand for our services.”
Under the contract, Houston-based Helix will provide either the Q4000 or Q5000 riser-based semi-submersible well intervention vessel, a 10k or 15k Intervention Riser System, remotely operated vehicles, project management and engineering services to cover operations from fully integrated well intervention to fully integrated plug and abandonment well services.
The Q4000 and Q5000 well intervention vessels provide an optimal platform for a wide variety of tasks, including subsea well intervention, field and well decommissioning, installation and recovery of subsea equipment, well testing and emergency well containment.
2023-02-06 - While pleased with fourth-quarter 2022 results, ConocoPhillips will also look to continue growth as it announced progress with its Willow and Port Arthur projects.
2023-02-03 - Today's featured 25 Influential Women in Energy honoree is Allison Sandlin, U.S. onshore non-operated asset manager at Equinor.
2023-01-17 - Guyana's finance minster called 2022 "a major year of exploration" for the country.
2022-12-14 - "There was that pop we saw in markets, but then there's a realization perhaps dawning that it's not necessarily going to be an easy path ahead... it's a long way down," Hargreaves Lansdown's Susannah Streeter said of U.S. inflation.
2023-01-04 - Experts who advise oil and gas companies warn that companies that don’t plan ahead put themselves at risk if a CEO departs unexpectedly.