Helix Energy Solutions Group Inc. has entered into a contract for its newbuild semi-submersible well intervention vessel, the Q7000.
The vessel will be performing subsea workover and integrated well intervention services with a major client offshore Nigeria, an estimated minimum 80-day campaign. Helix continues to mobilize the vessel from the shipyard in Singapore, and the project is scheduled to begin in early January 2020.
“We are very pleased to announce our first contract for the Q7000. The contract represents the result of years of work to bring our new vessel to market, and we look forward to the opportunities that our expansion into the riser-based well intervention market in West Africa will provide, as we continue to strengthen our presence globally,” Owen Kratz, president and CEO of Helix, said.
SRC Energy said the acquisition of about 30,000 acres will boost its leasehold by 50% and its drillable locations by 55%.
Leasing hot spots, improved drilling metrics and more reveal some silver lining in the cloud hanging over Midcontinent producers.
The Occidental-Anadarko takeover plus the completion of Encana and Chesapeake’s multibillion-dollar mergers top our list of upstream deal-making from the first half of 2019.