Helix Energy Solutions Group, Inc. (NYSE: HLX) announced on Tuesday it has entered into a new multi-year contract with Shell Offshore Inc commencing in 2025 to continue providing well intervention services in the U.S. Gulf of Mexico.
Under the contract, Helix will provide an increased minimum number of days annually with the Q5000 riser-based well intervention vessel, Intervention Riser Systems (IRSs), remotely operated vehicles (ROVs), and project management and engineering services to cover fully integrated operations from production enhancement to plug and abandonment well services.
The operations also include equipment that is part of the Subsea Services Alliance, which combines the collective strengths and capabilities of Helix and SLB.
Scotty Sparks, Helix’s Executive Vice President and Chief Operating Officer, stated, “We are pleased to announce that Helix has successfully executed a long-term contract with Shell, a valued customer we have safely worked with on numerous projects around the world and with whom we look forward to continuing our excellent relationship. 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.”