Helix Inks Petrobras Deal Offshore Brazil
Helix Energy Solutions Group, Inc. announced Tuesday that it has entered into agreements with Petróleo Brasileiro S.A. (Petrobras) to provide well intervention services offshore Brazil. Helix will be providing the services with two newbuild chartered monohull vessels, which will be built at the Flensburger shipyard in Germany for Siem Offshore AS (Siem).
Helix will provide the topsides and manage the integration of the well intervention equipment onto the vessels, while Siem will be responsible for the monohull build and oversee the construction at the shipyard. Siem will be the owner of the vessels, and charter both the vessels and marine crew to Helix for an initial period of seven years. Helix’s aggregate investment in the topside equipment for both vessels is expected to be approximately $260 million. The initial term of the contract with Petrobras is for four years with options to extend. The first vessel is expected to be in-service for Petrobras mid-2016, with the second vessel to follow later that same year.
Owen Kratz, president and chief executive officer of Helix, stated, “Brazil represents a significant opportunity for Helix, as does a relationship with Petrobras. This is a major step forward in the execution of our strategic goal to be the best-in-class global leader to rig alternative intervention. This award demonstrates the capacity for Helix to provide innovative solutions to fit the client need backed by our proven reliable track record.”
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Murphy Oil and Petrobras to Form Gulf of Mexico JV (Oct 11)
- Offshore Brazil Contract Extension Goes to Transocean (Sep 28)
- Union: Petrobras Plans To Start Reopening Replan Refinery In 48 Hours (Aug 22)
Company: Helix Energy Solutions more info
- Helix Inks Petrobras Deal Offshore Brazil (Feb 11)
- Jurong Shipyard Bags $346M Deal to Build Well Intervention Rig for Helix (Sep 12)
- Helix to Build Additional Newbuild Semisub (Jul 31)