USA: Helix Proceeds with Construction of Newbuild Well Intervention Vessel

Helix Energy Solutions Group, Inc. announced that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel.

Owen Kratz, Helix’s Chairman and CEO, stated, “We are leveraging our market and technological leadership in subsea well intervention along with the proven success of the Q4000 platform to satisfy an increasing market interest for specialized deepwater well intervention services. We have previously indicated that we intend to address this growing market by delivering new capacity and will continue to expand this business segment further.”

Helix has completed the detailed engineering for the new vessel and expects to commence construction in the near future.

About Helix

Helix Energy Solutions Group, headquartered in Houston, Texas, is an international offshore energy company that provides development solutions and other key life of field services to the energy market as well as to its own oil and gas business unit.

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Subsea World News Staff , February 16, 2012;  Image: Helix