(Source: Helix Energy Solutions)
Houston-based Helix Energy Solutions Group has entered into a new multi-year contract with Shell Offshore to provide well intervention services in the U.S. Gulf of Mexico, Helix said on Sept. 3.
Under the contract, commencing in 2025, Helix said it will provide “an increased minimum number of days annually” with the Q5000 riser-based well intervention vessel, intervention riser systems, ROVs and project management and engineering services.
The services are expected to cover fully integrated operations including production enhancement and plug and abandonment well services.
The operations also include equipment linked to the Subsea Services Alliance, a partnership between Helix and SLB.
“The contract is reflective of improving market conditions and increased demand for Helix’s assets and services, as we continue executing on our strategy by providing best-in-class and global leading well intervention services,” said Scotty Sparks, Helix’s executive vice president and COO.
Recommended Reading
NAPE Panelist: Occidental Shops ~$1B in D-J Basin Minerals Sale
2025-02-05 - Occidental Petroleum is marketing a minerals package in Colorado’s Denver-Julesburg Basin valued at up to $1 billion, according to a panelist at the 2025 NAPE conference.
Amplify Energy Cancels PRB, D-J Deal on ‘Extraordinary Volatility’
2025-04-27 - Amplify Energy terminated an acquisition of oil-weighted assets in the Powder River and Denver-Julesburg basins from Juniper Capital after Amplify’s stock fell 58% since the deal was announced.
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
2025-02-14 - Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
Boaz Energy Completes Sale of PermRock Properties to T2S
2025-04-01 - Boaz Energy II has completed the sale of PermRock Royalty Trust’s underlying oil and gas properties to T2S Permian Acquisition II LLC.
Iron Oak Energy Expands in Permian with High Roller Sand Deal
2025-04-08 - Proppant supplier Iron Oak Energy Solutions LLC is expanding in the Permian Basin with the acquisition of High Roller Sand for an undisclosed price.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.