Helix to Build Additional Newbuild Semisub

Helix Energy Solutions Group, Inc. plans to add a second newbuild semisubmersible well intervention vessel – the Q7000 – to its fleet.

The Houston-based company is expecting to take hold of the Q5000 semisubmersible intervention vessel from Jurong Shipyards in 2015.

“Based on strong market demand and our proven success for delivering specialized deepwater well intervention services, we are moving forward with the Q7000, which is consistent with our strategy of expanding our well intervention fleet around the world,” said Owen Kratz, Helix’s President and CEO, in a release.

The semisub will have the capability to perform top-hole drilling operations across multiple locations, without the extensive mob and demob times of a traditional drilling unit, the company said on its website.

The company’s first well intervention vessel, the MODU Q4000 DP3 semisubmersible vessel, achieved 86 percent utilization in the Gulf of Mexico in the second quarter of 2013, ending its consecutive streak of three quarters with full utilization, the company said in its second quarter 2013 annual reports.


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