Helix Gets Tapped for Subsea Installation

Helix Energy Solutions has been awarded subsea infrastructure installation for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia.

Helix will be responsible for preparation and welding of a 22-kilometer, 12-inch gas pipeline at a designated spoolbase; the installation of the pipeline together with the electro-hydraulic control umbilical, flowline jumpers and control flying leads; and the pre-commissioning and commissioning of the system.

The contract is worth approximately U.S. $80 million, and work should start in the fourth quarter of 2008. The project will use Helix's MSV Express after it completes the Reliance Industries Ltd. KG D6 project, and the work is expected to span four and a half months.

"Our deepwater contracting division has successfully been transformed from a predominantly Gulf of Mexico contractor to a high-end global deepwater construction services provider, as evidenced by the major awards obtained in the last 12 months for work in offshore India, Norway, Australia and Gulf of Mexico," said Bart Heijermans, Helix's Executive Vice President and Chief Operating Officer.

Santos Limited serves as operator of the permit with 50% interest. Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) holds 25% interest, and Mitsui E&P Australia Pty Ltd. also has 25% interest.


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