Helix Announces Shell Contract for Q4000
March 26 2015 - 6:00PM
Business Wire
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today
that it has entered into a new multi-year contract with Shell to
provide well intervention services in the U.S. Gulf of Mexico
utilizing Helix’s Q4000. The Q4000 is a deepwater well intervention
semisubmersible which has been performing work for Shell since 2011
under a Master Service Agreement. The contract is for a three-year
duration, commencing 2015 through the end of 2017.
“Shell has remained a customer for Helix over a number of years,
and we appreciate their confidence in our Company’s well
intervention services. Given the current state of the oil and gas
markets, we view this contract as a step forward in further
executing our business strategy,” said Helix President and Chief
Executive Officer, Owen Kratz.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston,
Texas, is an international offshore energy company that provides
specialty services to the offshore energy industry, with a focus on
well intervention and robotics operations. For more information
about Helix, please visit our website at www.HelixESG.com.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks, uncertainties and assumptions that could cause our
results to differ materially from those expressed or implied by
such forward-looking statements. All statements, other than
statements of historical fact, are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, any statements regarding
our strategy; any statements regarding future utilization; any
projections of financial items; future operations expenditures; any
statements regarding the plans, strategies and objectives of
management for future operations; any statement concerning
developments; any statements regarding future economic conditions
or performance; any statements of expectation or belief; and any
statements of assumptions underlying any of the foregoing. The
forward-looking statements are subject to a number of known and
unknown risks, uncertainties and other factors including but not
limited to the performance of contracts by suppliers, customers and
partners; actions by governmental and regulatory authorities;
operating hazards and delays; our ultimate ability to realize
current backlog; employee management issues; complexities of global
political and economic developments; geologic risks; volatility of
oil and gas prices and other risks described from time to time in
our reports filed with the Securities and Exchange Commission
("SEC"), including the Company's most recently filed Annual Report
on Form 10-K and in the Company’s other filings with the SEC, which
are available free of charge on the SEC’s website at www.sec.gov.
We assume no obligation and do not intend to update these
forward-looking statements except as required by the securities
laws.
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Helix Energy Solutions Group, Inc.Terrence Jamerson,
281-618-0400Director, Finance & Investor Relations
Helix Energy Solutions (NYSE:HLX)
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