Helix Announces Long-Term Agreement in the Gulf of Mexico

Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce that 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 (IRS’s), remotely operated vehicles (ROV’s) and project management and engineering services to cover fully integrated operations from production enhancement to plug-and-abandonment well services. Operations also include equipment that is part of the Subsea Services Alliance, which combines the joint strengths and capabilities of Helix and SLB.

Scotty Sparks, Helix Executive Vice President and Chief Operating Officer, said: “We are pleased to report that Helix has successfully executed a long-term contract with Shell, a valued customer with whom we have worked successfully on numerous projects around the world and with whom we look forward to continuing our excellent relationship. The contract reflects improving market conditions and increased demand for Helix’s assets and services as we continue to execute on our strategy of providing best-in-class, world-leading well intervention services.”