Helix Energy Solutions Group, Inc. 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.