Helix Energy Solutions Awarded Multi-Year Riser-based Well Intervention Work in the US Gulf of Mexico

Sep 13 2021

Helix Energy Solutions Group, Inc. (NYSE: HLX) has been awarded a multi-year riser-based well intervention scope of work by a major operator for the charter of the Helix Q5000 and 15K Intervention Riser System in the US Gulf of Mexico.

The awarded scope of work is currently contemplated to commence in 2022 on a call-off basis and includes well intervention and production enhancement activities.

The Q5000 and 15K IRS system are part of the Subsea Services Alliance which combines the collective strengths and capabilities of Helix and Schlumberger.

The Q5000 DP3 well intervention vessel is a second-generation design based on the successful Q4000 MODU. The Q5000 provides a stable platform for a wide variety of tasks, including subsea well intervention, field and well decommissioning, installation and recovery of subsea equipment, well testing and subsea construction activities. The Q5000 features a 750 ST tower capable of fulfilling all traditional derrick roles, plus a deepwater crane with lifting capacity to 440 ST and a work crane rated to 176 ST.

The 15K IRS can be utilized for wireline intervention, production logging, coiled-tubing operations, well stimulation and full plug and abandonment operations. The 15K IRS enables access to both vertical and horizontal subsea trees in water depths down to 10,000 ft. 

For more information about Helix Energy Solutions Group (NYSE: HLX), please visit our website at www.HelixESG.com.

For more information about the Subsea Services Alliance, please visit our website at www.subseaservicesalliance.com.

The Subsea Services Alliance combines the expertise and capabilities of Helix, Schlumberger, and OneSubsea, the subsea technologies, production, and processing systems division of Schlumberger, to form an advanced subsea well construction, intervention, and decommissioning portfolio: including marine support, well services, project management, and subsea well access and control. Schlumberger provides a complete offering of intervention and completion running technologies, and are joined by OneSubsea for subsea production systems and subsea well intervention technologies. Helix contributes marine support, operational expertise, and project management capability.