HOUSTON - Helix Energy (NYSE:HLX) Solutions Group, Inc. (NYSE: HLX) has entered into a five-year agreement with Talos Energy Inc. (NYSE: NYSE:TALO) to become the preferred provider for decommissioning services in the U.S. Gulf of Mexico. The deal grants Helix the first right of refusal on specific annual work scopes for Talos's decommissioning needs, starting in the second quarter of 2024.
The anticipated work includes the abandonment of offshore wells, pipelines, and platforms, primarily on the continental shelf. Helix's shallow water abandonment group, Helix Alliance, based in Louisiana, plans to employ a range of assets such as derrick barges, liftboats, dive support vessels, and offshore supply vessels for these operations.
Owen Kratz, Helix's President and CEO, commented on the agreement, highlighting the expansion of their long-standing relationship with Talos from deepwater to shelf activities and reinforcing Helix's position in the Gulf of Mexico decommissioning sector.
Helix Energy Solutions Group, an international offshore energy services company headquartered in Houston, is known for its specialty services in well intervention, robotics, and full-field decommissioning operations. These services contribute to the global energy transition by maximizing the production of existing reserves and supporting the decommissioning of aging oil and gas fields, as well as renewable energy developments.
This press release statement includes forward-looking statements, which involve certain risks, uncertainties, and assumptions that could cause actual results to differ. Factors affecting these forward-looking statements include market conditions, demand for services, and the performance of contracts, among others.
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