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Helix Energy to sell its 50% interest in Deepwater Gateway, L.L.C


Published Feb 17, 2016
Helix Energy Solutions

Helix Energy Solutions Group, Inc. declared the sale of its 50% interest in Deepwater Gateway, L.L.C. (owner of the Marco Polo platform) to a subsidiary of Genesis Energy, L.P. for a cash purchase price of $25 million.

Anthony Tripodo, Executive Vice President and Chief Financial Officer of Helix, stated, “The sale of the Deepwater Gateway interest is in line with Helix’s strategy of focusing on its core businesses, well intervention and robotics.”

Tags: Genesis Energy, Helix Energy Solutions




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