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Helix Announces Shell Contract for Q4000

Source: www.gulfoilandgas.com 3/27/2015, Location: North America

Helix Energy Solutions Group, Inc. announced that it has entered into a new multi-year contract with Shell to provide well intervention services in the U.S. Gulf of Mexico utilizing Helix’s Q4000. The Q4000 is a deepwater well intervention semisubmersible which has been performing work for Shell since 2011 under a Master Service Agreement. The contract is for a three-year duration, commencing 2015 through the end of 2017.

“Shell has remained a customer for Helix over a number of years, and we appreciate their confidence in our Company’s well intervention services. Given the current state of the oil and gas markets, we view this contract as a step forward in further executing our business strategy,” said Helix President and Chief Executive Officer, Owen Kratz.

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