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Stock impact report

Helix Secures Deepwater Well Intervention Contract Offshore Nigeria [Yahoo! Finance]

Helix Energy Solutions Group, Inc. (HLX) 
Last helix energy solutions group, inc. earnings: 4/22 06:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
contract award by Esso Exploration and Production Nigeria (Deepwater) Ltd. ("Esso"). The project, located offshore Nigeria in the Erha and Usan fields, is expected to commence in September 2024 with the vessel expected to be in Nigeria into 2025. The fields are located approximately 97km offshore of Nigeria in water depths ranging from 700m to 1,500m. Under the contract, Helix will provide the Q4000 , a DP3 riser-based semi-submersible well intervention vessel, a 10k Intervention Riser System (IRS), remotely operated vehicles, project management, and engineering services to cover fully integrated well intervention services from production enhancement to plug and abandonment. Scotty Sparks, Helix's Executive Vice President and Chief Operating Officer, stated, "We are pleased to announce this contract for the Q4000 . We are eager to strengthen our relationship with Esso and to further establish our presence as the leader for well intervention services in West Africa." The Q4000 pr Show less Read more
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