Helix Orders Semi-Sub Well Intervention Rig in Singapore

Houston-based subsea well intervention specialist, Helix Energy Solutions Group, Inc., has signed a contract with Sembcorp Marine’s subsidiary Jurong Shipyard in Singapore for the construction of its newbuild semisubmersible well intervention rig previously announced by Helix in February. The estimated value of the contract is US$385.5 million.

 Owen Kratz, Helix’s Chairman and CEO, stated, “We are pleased to have selected a proven partner in Jurong Shipyard to leverage on our market and technological leadership in subsea well intervention. This new asset, engineered and designed based on the lessons learned from our successful Q4000 platform, is being constructed to meet an increasing market demand for specialized deepwater well intervention services worldwide. We look forward to the delivery of this new-generation advanced well intervention vessel and plan to expand this business segment even further.”

The semi-submersible well intervention rig will be built based on Bassoe Technology’s naval architectural design with Helix’s equipment layout. Featuring the latest technology, the rig is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, including conventional and extended top hold drilling, subsea construction, decommissioning well intervention, coiled tubing operations and twin ROV deployment.

 Mr Don Lee, Senior General Manager, Jurong Shipyard’s Offshore Division said, “We are honoured that Helix has entrusted us with the construction of this highly specialised deepwater semi-submersible well intervention rig. This rig is Jurong Shipyard’s first specialised platform with well intervention and subsea capabilities and represents a significant advance for us in this growing new market segment. We would like to thank Helix for awarding us this contract, which is a testament to Jurong Shipyard’s rig construction capabilities and versatility in developing purpose-designed solutions for the offshore industry. We are committed to build on this new partnership with Helix and to meet their stringent standards of quality, safety and reliability.”

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Offshore Energy Today Staff, March 13, 2012; Image: Helix