Helix Power Options Group Inc. (NYSE: HLX) stated it was awarded a multi-year contract by an undisclosed main operator to supply manufacturing enhancement and effectively abandonment providers within the U.S. Gulf of America.
The contract, beginning in 2026, features a minimal dedication of vessel utilization, break up over three years, Helix stated in a information launch.
Monetary phrases of the contract weren’t disclosed.
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The contract requires the availability of both a Q5000 or Q4000 riser-based effectively intervention vessel, a 10k or 15k Intervention Riser System (IRS) and remotely operated automobiles in addition to venture administration and engineering providers, in line with the discharge.
The contract contains tools and providers as a part of Subsea Companies Alliance, a strategic partnership between Helix and SLB “that mixes our collective strengths to ship industry-leading subsea options,” Helix stated.
Helix COO Scotty Sparks stated, “We’re happy to broaden our backlog by efficiently executing one other multi-year contract for effectively intervention providers. This contract underscores our dedication to delivering secure, cost-effective and environment friendly manufacturing enhancement and abandonment providers within the Gulf of America, supported by Helix’s superior vessels, a long time of industry-leading expertise, and the collaborative capabilities of our Subsea Companies Alliance”.
Subsea Companies Alliance is a collaboration between SLB and Helix that gives subsea intervention and decommissioning options for the {industry}.
Offshore Plug and Abandonment Companies for ExxonMobil
Final month, Helix stated its Louisiana-based shallow water abandonment group, Helix Alliance, was awarded a three-year framework settlement by ExxonMobil for offshore plug and abandonment providers.
“This settlement underscores our dedication to delivering high-value, fit-for-purpose decommissioning providers,” Helix President and CEO Owen Kratz stated. “This settlement additionally demonstrates Helix Alliance’s place as a trusted associate for complete offshore options, offering effectively intervention, diving, heavy elevate, and marine help providers on the U.S. Gulf of America shelf”.
Earlier within the yr, the robotics division of the corporate, Helix Robotics Options Restricted, secured a contract with international cable options supplier Prysmian for post-installation cable burial on a number of initiatives positioned within the Mediterranean and North Seas.
Underneath the settlement, Helix’s T1400-2 subsea trencher, together with a piece class remote-operated automobile (ROV), will function from a vessel provided by PPL and is predicted to trench over 180 kilometers of cable. The contract began in July and is predicted to span a minimal of six months, in line with an earlier assertion.
The contract marks the primary main deployment of the T1400-2 system since its acquisition, refurbishment, and integration into the Helix asset fleet, the corporate stated.
The T1400-2 system contains a trenching automobile with a flexible trenching module and a launch and restoration system (LARS) rated for Lloyd’s sea state 6. The trencher might be configured as a tracked jetting and hybrid reducing / jetting trenching automobile, in line with the assertion.
Houston, Texas-based Helix Power Options Group describes itself as a world offshore vitality providers firm that gives specialty providers to the offshore vitality {industry}, with a give attention to effectively intervention, robotics and decommissioning operations. The corporate stated its providers are “key in supporting a worldwide vitality transition by maximizing manufacturing of present oil and gasoline reserves, decommissioning end-of-life oil and gasoline fields and supporting renewable vitality developments”.
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